They wouldn't take a deal that would have cut the accumulation of debt by anywhere from 2.7 to 4 trillion, so instead we get this. If they hate taxes so much, why do they want us all to pay higher interest on everything?
Obama could win and lose at the same time, striking a deal to avoid default but failing to pass muster on the substance of that deal with credit agencies, which could go ahead and downgrade the rating anyway.
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