Boston Globe (August 2)
In the U.S., Republicans and Democrats have been battling down to the wire over a debt deal. The final deal, “like all compromises…is not a win for either side.” It could have been better, especially if it created additional revenue, but it did avoid a disastrous default. The debt deal also has some positive aspects. The cuts are “spread across federal programs—including defense.” Moreover, the deal “delays any serious cuts for two years, to give the economy more time to recover.”
In the U.S., Republicans and Democrats have been battling down to the wire over a debt deal. The final deal, “like all compromises…is not a win for either side.” It could have been better, especially if it created additional revenue, but it did avoid a disastrous default. The debt deal also has some positive aspects. The cuts are “spread across federal programs—including defense.” Moreover, the deal “delays any serious cuts for two years, to give the economy more time to recover.”
Tags: Compromise, Congress, Debt, Democrats, Economy, Republicans, U.S.
