This may be out of date soon, but there is word of a compromise on the debt ceiling.
But bear in mind, no matter what this compromise looks like, it will almost certainly be bad for America in the short-term and long-term.
It will almost certainly be composed of some massive spending cuts in FY2012.
It will almost certainly include no revenue increases of any kind.
It will almost certainly not preclude another budget fight in September over funding the government.
It will almost certainly take government funding away from the poorest Americans.
It will do absolutely nothing to stimulate an increasingly stagnant economy.
It will set the precedent of turning the debt ceiling into a regular hostage situation.
It will do absolutely nothing to stop the long-term debt problem, most of which is tied up in health care costs.
Roosevelt gave us the New Deal.
Truman gave us the Fair Deal.
Johnson gave us the New Society.
Obama and the Republican House are about to give us Austerity Society.
Bruce Ackerman may not be depressed, but I sure am.