THE GRAND BARGAIN LIVES! BY DAVID BROOKSNEW YORK TIMES
Over the past few weeks, Washington has seemed dysfunctional. Public disgust has risen to epic levels. Yet through all this, serious people — Barack Obama, John Boehner, the members of the Gang of Six — have soldiered on. They’ve been responsible and brave. If you’re a Democrat, you hate to see domestic cuts. If you’re a Republican, you loathe revenue increases, even little ones. But this is the next step in the journey toward economic health. Standing still is not an option. Keep your reservations in mind, but let the mission continue.
THE LESSER DEPRESSION BY PAUL KRUGMANNEW YORK TIMES
There’s an old quotation, attributed to various people, that always comes to mind when I look at public policy: “You do not know, my son, with how little wisdom the world is governed.” Now that lack of wisdom is on full display, as policy elites on both sides of the Atlantic bungle the response to economic trauma, ignoring all the lessons of history. And the Lesser Depression goes on.
READ MY LIPS- NO NEW TAXES BY GROVER NORQUISTNEW YORK TIMES
Contrary to the hopes of some that I am somehow softening the pledge, it is stronger and more important than ever.. But ultimately, the pledge is only one expression of the Republicans’ commitment to shrinking the size of the federal government. Republican leaders... have repeatedly and clearly stated that they will not allow a net tax hike to be imposed on the American people as part of a debt ceiling deal — especially when the goal of that deal is to reduce the runaway spending now damaging America’s economic future and killing the jobs we need.
THE HALF-TRILLION PLAN BY CHARLES KRAUTHAMMERWASHINGTON POST
What to do now? The House should immediately pass the Half-Trillion Plan, thereby putting something eminently reasonable on the table that the president will have to address with a serious counterproposal using actual numbers. If the counterproposal is the G6, Republicans should accept Part One with its half-trillion dollars in cuts, consumer price index change and repeal of the CLASS Act, i.e., the part of the G6 that is enacted immediately and that is real. Accompany this with a dollar-for-dollar hike in the debt ceiling, yielding almost exactly the time envisioned in the G6 to work out grander spending and revenue changes... Do it. And dare the president to veto it.
CAMERON'S HEADACHE BY MICHAEL GERSONWASHINGTON POST
An austerity agenda does little to address British fears about the fundamental unfairness of their society. Cameron had planned an emphasis this fall on education and welfare policies that would provide better value for taxpayer money. But a scandal of political, police and media elites with dodgy ethics complicates this message, reinforces the appearance of a rigged system and undermines a return to optimism. Even if it is not Cameron’s scandal, it has become his problem.
WHY WE'RE STUCK ON THE DEBT BY EUGENE ROBINSONWASHINGTON POST
In the debt-ceiling debate, [far-right conservatives] have rejected long-term solutions that have conceded most of what they demand. They want it all. Progressives who say no — who acknowledge that we must reduce the debt but in ways that do not kill economic growth or gut entitlements — are being partisan for the best possible reason: Much is subject to compromise, but not our future as a great nation.
OUT OF THE WAY, PLEASE, MR. PRESIDENT BY PEGGY NOONANWALL STREET JOURNAL
The president, if he is seriously trying to avert a debt crisis, should stay in his office, meet with members, and work the phones, all with a new humility, which would be well received. It is odd how he patronizes those with more experience and depth in national affairs. He should keep his face off TV. He should encourage, cajole, work things through, be serious, get a responsible deal, and then re-emerge with joy and the look of a winner as he jointly announces it to the nation... For now, for his sake and the sake of an ultimate plan, he should choose Strategic Silence. Really, recent presidents forget to shut up. They lose sight of how grating they are.