Tuesday, August 2, 2011
“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.
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.