- Robert Greenstein of the left-leaning CBPP despairs that the debt fight has established precedent for future dollar-for-dollar borrowing authority and spending cut swaps.
- Former Bush 43 economic adviser Keith Hennessey says it “establishes a pattern.” Mitch McConnell isn’t so abstract: ““What we have done… is set a new template. In the future, any President, this one or another one, when they request us to raise the debt ceiling it will not be clean anymore. “
- Bill Clinton went to the mattresses on the debt ceiling.
- An Obama defender argues he’s a custodial President and the leader of a party that had already lost a larger argument on the role of government.
- Who sits on the supercommittee will matter.
- Moody’s and Fitch won’t touch the U.S.’s AAA rating. What S&P does probably doesn’t matter.
- Congress left the FAA and thousands of furloughed employees in the lurch.
- Mitt Romney takes his presidential campaign to the last frontier: the public sphere.
- Oil lobby workers dot Tim Pawlenty’s latest ad.
- Everybody is opposed to violence against civilians, especially Muslims.
- And courtesy of pourmecoffee, Tim Geithner demonstrates how to raise the debt ceiling.
Morning Must Reads: Pattern
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