President Obama could have been more adamant in dealing with Republicans, perhaps threatening to use constitutional powers to ignore the debt ceiling if Congress abrogated its responsibility to raise it. But this episode demonstrates the effectiveness of extortion. Reasonable people are forced to give in to those willing to endanger the national interest.
And the media gives a notable assist to the destroyers.
Because Krugman has this terrible habit of being right I guess. How...dare...he!!!
(h/t Balloon Juice)