Let’s assume Democrats and Republicans team up in the next few weeks to pass a very GOP friendly debt reduction bill. And let’s stipulate, too, that, as in Britain and elsewhere, the spending-cut magic doesn’t do anything to help the unemployment crisis, leaving President Obama and the Democrats a huge political liability — and national problem — they won’t be able to resolve by election time in November.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=110083