Quote of the Day: Jonathan Chait

In retrospect, [Washington] now [sees] what should have been obvious: Increasing the political leverage of the Republican Party made a Grand Bargain less, not more, likely. Moreover, the deficit hawks who represent the center of Washington establishment thought badly underestimated the danger entailed by tying high stakes negotiations involving the Republican Party to a cataclysmic event. Happy visions of Bob Dole and Tip O’Neill danced in their heads, oblivious to the reality of what they were facing.

— Jonathan Chait (The New Republic)