The Debt Ceiling Debacle - HuffPost

The irresponsible decision of the Tea Party Republican right to hold the economy hostage over the raising the debt ceiling has paid off big time. And Americans will pay the price.  For all the president's talk about shared sacrifice and the wealthy paying a bit more by closing loopholes, the two choices before the Congress now are all about spending cuts without revenue increases.

What is notable about the current choices is how far removed they are from the opinions of most Americans. By overwhelming majorities, Americans want Social Security, Medicare and Medicaid protected. The most popular options on deficit reduction are raising taxes on millionaires, lifting the cap on Social Security, taxing Wall Street bankers for the mess they made, closing off shore tax havens and various corporate subsidies and loopholes.

The full article is available here