The Gary Null Blog

The debt-ceiling debate has been a sad one for the Left—and also, in large part, a boring one. Boring because we haven’t had too much to add. As a friend said to me, you know things are bad when the New York Times liberals say pretty much all there is to say.

In this case, they have. Paul Krugman noted that the debt deal

will damage an already depressed economy; it will probably make America’s long-run deficit problem worse, not better; and most important, by demonstrating that raw extortion works and carries no political cost, it will take America a long way down the road to banana-republic status....Republicans will surely be emboldened by the way Mr. Obama keeps folding in the face of their threats.