Tom Ferguson – professor of political science at the University of Massachusetts, Boston and a senior fellow of the Roosevelt Institute – with the quote of the day on the debt deal:
Even by American legislative standards, this deal is a turkey and it’s totally appropriate that the new bipartisan Congressional committee [i.e. the non-Constitutional Super Congress] should have to report at Thanksgiving.
This bill is an expensive lesson in what might be termed the investment theory of political parties: that both parties represent big money interests…. In time, I think, the popular reaction will be fierce.