Arianna Huffington: The Debt Ceiling Impasse: The Myth of Grand Bargains and Win-Win Unicorns

There is still no deal in the debt ceiling impasse between Congressional Republicans and the president, so we can't say who "won." But we can definitely say who lost: America. Even if we ultimately get the touted "Grand Bargain," it's not going be grand for anybody who correctly identifies unemployment and our economy's anemic growth as the biggest crises we're facing. After the champagne has been uncorked and lots of backs have been slapped in DC, the lives of regular Americans will not be better -- indeed, they will almost certainly be worse. Here's the maddening part: if Congress and the president had focused on the crisis of jobs and growth, the solutions they would have come up with would also have been the best solutions to the long-term debt crisis. The fact is, you can cut all the discretionary spending you want -- but it's growth, not cutting that will solve our long-term deficit problem.
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