In an article designed to paint President Obama and House Speaker John Boehner’s proposed debt-limit deal as a reasonable compromise, TIME’s Jay Newton-Small and Michael Scherer demonstrate that they’ve bought into the White House line on the available options:
Lawmakers must work out a package of spending cuts and revenue increases that will permit the Treasury to keep paying its bills through August and beyond. If they fail, the government will lose its ability to meet its obligations — including paying soldiers their salaries and seniors their pensions — ensuring an economic meltdown at home and a crippling loss of faith in the U.S. in financial markets overseas. That would be an unprecedented fiasco.
Perhaps the TIME scribes might benefit from looking a little more deeply into the true nature of the debt-ceiling debate.
