Nonsense: The agreement removes the threat of default and lowers the prospect of using the debt limit as an instrument of coercion. [. . .] Beneath all the bluster, the prospects for compromise on broader and deeper reforms are better than they have been in years. [. . .] The government’s ability to make smart, long-term budget choices has long been broken. This gives us a chance to fix it. [. . .] [B]y locking in long-term savings, Congress will have more room in the fall to pass additional short-term measures to strengthen the economy — such as extending the payroll tax cut, which provides an average of a thousand dollars to the after-tax incomes of working Americans; extending unemployment benefits; and financing infrastructure investments. Fool? Knave? Both? Speaking for me only

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