“Even By American Legislative Standards, This Deal Is A Turkey And It’s Totally Appropriate That The New Bipartisan Congressional Committee 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”

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.

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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.

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