A Shutdown Could Help Break the Impasse

Ezra Klein: “One way a shutdown makes the passage of a debt limit increase easier is that it can persuade outside actors to come off the sidelines and begin pressuring the Republican Party to cut a deal. One problem in the politics of the fiscal fight so far is that business leaders, Wall Street, voters and even many pundits have been assuming that Republicans and Democrats will argue and carp and complain but work all this out before the government closes down or defaults. A shutdown will prove that comforting notion wrong, and those groups will begin exerting real political pressure to force a resolution before a default happens.”

“It’s worth noting, for the record, that it would be vastly better if there was no shutdown and no default and House Republicans stopped trying to enact an agenda that lost at the polls by threatening the country. But American politics is what it is right now, and given its sorry condition, a shutdown might be the best of very bad options.”