Tuesday, August 2, 2011

Compromising the future

Like many I breathed a sigh of relief when I heard yesterday that politicians in the USA seem to have reached an agreement that will prevent the government defaulting on their loans. A previous post Ideological idolatry considered some of the roots of the political impasse. However, my relief may be short lived. An opinion piece The President Surrenders by Paul Krugman paints a bleak picture of what the agreement means for economic and political stability.

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