All fears that the nation today would fail to avert financial apocalypse should be laid quietly to rest. (Though this still leaves biblical apocalypse open for October). A new law to raise the debt ceiling has been passed, yet few soothsayers in the Beltway could really have doubted its passage. The lead-up to those eleventh-hour negotiations, a rather convenient bit of suspense in any political drama, was remarkable not simply for the intransigence of both sides, but for its theatricality. In staging this battle, congressional leaders proved themselves more invested in the narrative of their conflict with each other, than in the future of the country. What shall we call it? Unscrupulous political dramaturgy.
What shall we call the resulting compromise? A farce.
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