A solution lies in simple business logic: restraint in entitlement spending, and tax reform.
Congressional action to end the government shutdown and avoid default doesn’t solve the nation’s debt crisis. President Obama’s unproductive fist-pumping, even before the final vote, was hardly the vigorous leadership needed to achieve that goal. His ambiguous call for “a budget that cuts out the things that we don’t need” was equally unhelpful.
Success for now will be defined by sadly unambitious expectations: a one-year budget deal to fund the government and eliminate the most discordant and corrosive aspects of the across-the-board sequester cuts.