Wednesday, October 9, 2013

Put budget issues to vote in House

A good editorial about the government shutdown from the Herald-Leader:
Largely lost in the commotion, the Democratic Senate has approved temporarily extending the sequester cuts, a concession Republicans could have claimed as a victory.

Meanwhile, (Rand) Paul has joined the GOP's magical-thinking caucus, suddenly insisting that failure to raise the debt ceiling wouldn't really be a default or even that big of a deal.

Paul's view, we should stress, is not shared by economists, credit rating agencies or foreign governments, all of whom see failure to raise the debt ceiling as a precursor to global depression.