US debt crisis: a bloody battle with no winners, only losers
A deal on raising the debt ceiling finally emerges – and for all the sound and fury, the net result is a meaningless jumble
by Richard Adams
What kind of debt ceiling deal is it when none of the parties involved seem happy? Barack Obama went on national television to say: “Is this the deal I would have preferred? No.” The Republican Speaker of the House of Representatives, John Boehner, told journalists: “This isn’t the greatest deal in the world.”
Politics in Washington DC has come to this: everybody loses, because nobody can win. It’s very possible that both Obama and Boehner will be out of a job come January 2013.