Mourners please omit flowers. Or public urination on the graveside.
If there has been one positive result from the recent knife fight in an alley that has been our debt ceiling debate, it’s come from watching the self-appointed Smartest People In The Room come to the belated realization that they’ve been out-maneuvered by a bunch of hobbits. No, don’t take it from me: listen to them. A representative sample is below.
- Paul Krugman: “The worst thing you can do in these circumstances is slash government spending…” preceded and followed by a lot of nonsensical blather, of course. Feel free to read or not, as you like; the point is, Krugman thinks that more government spending will solve our problems, so he’s shrieking over this like a traditionalist vampire shrieks at a holy symbol.
- Greg Sargent: “Even if you think it’s good politics for Dems to be demonstrating concern about deficits and spending, the clear downside is that the progressive economic case has been entirely marginalized, to the point where it has vanished from the conversation entirely.” Bolding mine; it’s not really relevant to this post, but that mindset is a post all on its own. (more…)

