Paul Kruman: Rumors of a Deal

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t's not clear that going over the cliff would yield something better; on the other hand, those benefit cuts are really bad, and you hate to see a Democratic president lending his name to something like that. There is a case for refusing to make this deal, and hoping for a popular backlash against the GOP that transforms the whole debate; but there's also an argument that this might not work. I want to see more -- and also want to see whether the Republican crazies scuttle the whole thing before it even gets off the ground. If they don't, there will be some serious agonizing for progressives, yours truly included.

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At krugman.blogs.nytimes.com

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