Friday, September 27, 2013

New York Magazine's Jonathan Chait: In the Latest Showdown With Congress, President Obama's Second Term is on the Line

President Obama

Jonathan Chait's article in New York Magazine is linked below.

Jonathan Chait: The Stakes are High in the Latest Debt-Ceiling Confrontation

"The debt-ceiling showdown has snuck up quietly on Washington and is barely registering in the broader economy. Nobody is quite sure what to make of it. A familiar Washington Kabuki dance? A white-knuckle bond market tightrope walk? A final reactionary howl at the onset of Obamacare? It may be these things, but it’s also something much larger: a Constitutional struggle, a kind of quasi-impeachment, that will test Obama’s mettle and, next to his reelection campaign, poses the most singular threat to his presidency."

---Jonathan Chait, New York Magazine 

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