The Debt Ceiling Deal: The Case for Caving (Part 3) - 0 views
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The Tea Party, in this sense, has succeeded by adopting a rational frustration strategy.
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You can find fault with the Tea Party’s prescription for balancing the budget—most economists do—but if they hadn’t come to Washington last year, Congress would have waited for a real bond crisis, five or 10 years from now, to create its super committee.
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We will know, at the close of the next round of negotiations, which game the Tea Party has been playing: Balance the Budget or Kill the King.
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