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much too quickly. we should be doing more in the long term and less in the short term. i think that we have a composition question. the across-the-board cuts are not good for the economy, not good for the american middle class, not good for our national defense. we ought to be having a debate about the kinds of medium and long-term reforms to entitlements and tax programs, but we ought not to be talking about holding the country hostage again to a fight over e extending the debt limit. just to remind you, the debt limit doesn t commit any new spending. it gives us permission to pay the bills that congress already committed to. in 237 years, we never had a debate about whether or not the united states should pay its bills until 2011. we cannot have that debate again. is a grand bargain over spending and taxes, over entitlement programs, is that within grasp, realistically? you know, i think the question of a grand bargain kind of captivates washington. what the american people are a

Composition questionMiddle classDebt limitTax programsDebt limit doesn tFight over eEntitlement programsCaptivates washington