For weeks now, we've faced the artificial Republican debt crisis, which was a crisis of Republican choice. And now with an agreement coming forward, we should ask the question: Is this worse than the default scare? Well, it's hardly clear. What about a government on auto pilot, locked into a slow downward spiral? First, this empowers the most reckless and extreme elements, not just in the House Republicans today but is a blueprint for mischief for either party in the future. Next, we are starting down a path of budget cuts that all experts assure us will weaken the economy at exactly the time we need to strengthen economic growth, not reduce demand. Clearly it is a step backwards from reforming how the country does business. The fixation on triggers, formulas, and supercommittees will make it easier for Congress to duck the difficult policy work and harder to do it, if Congress wants to try. Even as it would appear we avoid outright default, this agreement casts a long-term shadow over our Nation's reasonableness and our reliability for the next 2 years and beyond. And remember the drama over the continuing resolution earlier this year? There are still two potential government shutdowns over the next 14 months that will invite more legislative blackmail over an extreme agenda since it's clear that recklessness works. This is all the more frustrating because the path forward is clear.…
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