"The Success Of Hostage-Taking Highlights The Importance of Elections"
Details on the appropriations deal are still hard to come by, but you don’t need the details to know that substantial short-term cuts in domestic discretionary spending will hurt the poor while harming macroeconomic performance. The problem with not agreeing to the deal, of course, is that a government shutdown would also hurt the poor while harming macroeconomic performance. If you genuinely don’t care about the interests of poor people and stand to benefit electorally from weak economic growth, this gives you a very strong hand to play as a hostage taker. And John Boehner is willing to play that hand.
I hope people remember this year next time large Democratic majorities produce an inadequate stimulus bill, a not-good-enough health reform bill, a somewhat weak financial regulation bill, and fail to deliver on their promises for immigration and the environment. It’s easy in a time like that to get cynical and dismissive about the whole thing. But there’s actually a huge difference between moving forward at a slower-than-ideal pace and scrambling to reduce the pace at which you move backwards. Now we’re moving backwards.