What Debt Talks Teach Us About Obama and Republicans: Ezra Klein
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July 14 (Bloomberg)-- We have learned a lot aboutAmerican politics in recent days. We learned, for example, thatRepublicans are more committed to keeping taxes low than toreducing the deficit.
We learned that the party is led more by House MajorityLeader Eric Cantor than by his nominal boss, Speaker JohnBoehner. We learned that its current composition renders itseemingly incapable of making concessions to close a bipartisandeal, even if the concessions are minor and the benefits to theRepublican policy agenda -- $3 trillion in spending cuts -- aremassive.