August 1, 2011 - 12:57am
"Make no mistake about it, what we're witnessing here is a catastrophe on multiple levels. It is, of course, a political catastrophe for Democrats, who just a few weeks ago seemed to have Republicans on the run over their plan to dismantle Medicare; now Mr. Obama has thrown all that away."
Scarcely a week ago, a round of the tense negotiations over raising the $14.3 trillion debt limit at the White House ended when President Obama stormed out of the meeting with a stern warning to House Majority Leader Eric Cantor (R.,Va.): “Don’t call my bluff.”  Well, on...