As must be obvious, I trust Krugman on economic issues. He's now saying that the currently rumored deal is still bad but not horrible, and may be the best we can hope for. I've got my fingers crossed...for what, I'm not sure.
But is this rumored deal better than no deal? I’m on the edge. It’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.
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