Ezra Klein sighs:
Whichever party wins, the country is likely to lose. If the Republicans win, we’re going to get an unbalanced debt deal that relies too heavily on frontloaded spending cuts, forgoes tax hikes that could further reduce the deficit, and rewards a reckless and dysfunctional model of negotiating through brinksmanship. If the Democrats win, we’re likely to see some sort of crisis before we see any sort of action, and this isn’t an economy or market that can handle much more bad news. Heads, dysfunction. Tails, catastrophe.