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Krugman ends on a bit of a down-note, wondering what will happen if even the Masters of the Universe — whom he lambasted recently as “sociopaths” — can’t influence the GOP:
But what if even the plutocrats lack the power to rein in the radicals? In that case, Mr. Obama will either let default happen or find some way of defying the blackmailers, trading a financial crisis for a constitutional crisis.
This all sounds crazy, because it is. But the craziness, ultimately, resides not in the situation but in the minds of our politicians and the people who vote for them. Default is not in our stars, but in ourselves.
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