The Cost Of The Debt Ceiling Debacle

Andrew Sullivan —  Jul 26 2012 @ 5:32pm

Jared Bernstein grumbles over the new GAO report (pdf):

The larger theme here is important: these days, what looks to the world like principled stands are exactly the opposite. The [Republicans] who held the process hostage don’t really care about fiscal rectitude in any real, pragmatic sense that could actually make a positive difference. Neither do they care about lessening the “uncertainty” they’re always prattling on about. If they did, they’d have compromised in the supercommittee or at least be working in earnest to avoid the fiscal cliff.