The debt-ceiling fight has been the dominant story out of
Washington for weeks, and for the most part the White House hasn't looked too
good. But in the last few days, the administration has taken some serious steps
forward on other fronts.
It's official: Congress passed a debt-ceiling deal, and the president signed it. While this is certainly preferable to the
country defaulting on its obligations, it's not an
inspiring piece of legislation.
The debt-ceiling fight is about politics, not policy. But
count on the news media to conflate the two—in service of the trope that everyone just needs to meet in the middle of wherever they
are right now.
A new Century editorial argues that unemployment, not the budget deficit,
is the most urgent economic problem facing the U.S. We need to deal with the
deficit at some point, but first we need to get people back to work by
stimulating the economy.