The Delaware Gazette

Political opportunism and economic stagnation

Quite pos­si­bly never in our nation’s his­tory have Wash­ing­ton politi­cians been more fun­da­men­tally divided about the future direc­tion of spend­ing and tax­a­tion deci­sions. Some­times, it would seem, polit­i­cal grid­lock can be a desir­able out­come, since Con­gress seems almost dev­il­ishly capa­ble of wreak­ing havoc with our nation’s econ­omy, given the some­times short-sighted fis­cal pol­icy actions enacted. At the present time, how­ever, the polit­i­cal gridlock/opportunism/cowardice (pick your favorite descrip­tive term) that infects law­mak­ers is par­tic­u­larly destruc­tive given the mon­u­men­tal issues that must be addressed over the next 13 months.

Obama steps into high-stakes debt-limit talks

WASHINGTON (AP) — Strug­gling to break a per­ilous dead­lock, Pres­i­dent Barack Obama took direct con­trol Fri­day of national debt-limit nego­ti­a­tions with both Repub­li­cans and Democ­rats. With the White House warn­ing the nation’s eco­nomic sta­bil­ity is at stake, it’s one of the most severe tests yet of Obama’s presidency.

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