The debt ceiling deal — an agreement to do nothing

I prepared this post before the S&P downgrade of the US debt. It’s more true than ever now

Rep. Justin Amash (R-MI) sums up our incompetent, irresponsible, mostly venal and utterly self-absorbed Congress and White House. I wish there were more like him.

A much better deal was possible, but most politicians were unwilling to make real compromises. Republicans needed to accept practical reductions in military spending and the elimination of special tax breaks and subsidies for people with political connections. Democrats needed to accept reasonable reforms to Social Security, Medicare, and Medicaid that would keep these programs viable and preserve most benefits. These are necessary, difficult compromises. If we wait until we run out of money and our creditors stop lending to us, the cuts will be more abrupt, larger, and more devastating for the most vulnerable Americans.

Via The Humble Libertarian.