…[T]he idea [for Republicans] was to take the country's full faith and credit hostage in order to achieve immediate cuts and discretionary domestic spending at a time the economy was not yet back into a self-sustaining recovery. It's sort of Econ 101. That is in how you proceed. They didn't get much in the way of spending cuts, but they did manage to decrease the confidence in the economy.
August 6, 2012, ,
The Diane Rehm Show