Paul Krugman describes Ryan's offer, which does not please Tea Partiers because it does not defund Obamacare, as not really a compromise
. He offers a temporary lift to the debt ceiling in order to get things that he wants from the administration. The GOP can then return to the debt ceiling to get more of what it wants in the near future. It plans to keep the economy hostage perpetually by using the debt ceiling to extract reductions in entitlements.
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