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The Values Divide (Other Words)
Roosevelt Institute Senior Fellow Richard Kirsch argues that today’s partisan divide is based on differing concepts of responsibility and freedom. The right wants freedom from paying for anything that helps another person, while progressive responsibility is to others.
Boehner Tells Republicans He Won’t Let the Nation Default (NYT)
Ashley Parker and Annie Lowrey report that the Speaker has privately indicated that he will work with Democrats to ensure a debt ceiling increase. Since a default would be far more catastrophic than the shutdown, it’s good to see at least a little bipartisanship.
Paul Caught on Hot Mic: ‘We’re gonna win this, I think’ (Maddow Blog)
Steve Benen reports on a conversation between Senators Paul and McConnell, caught on mic yesterday. It proves that Republicans are so caught up in rhetoric and talking points that they’ve forgotten about the basics of governing.
Can Obama Disrupt the Shutdown Narrative? (MoJo)
David Corn asks what the President would need to do in order to shift the media narrative of shutdown from a joint inability to compromise to the Republicans harming veterans, children, and the sick because they oppose a law and can’t get the votes to repeal it.
Republicans Are No Longer the Party of Business (Bloomberg Businessweek)
Joshua Green writes that the shutdown is causing some members of the business community to reconsider their support of the GOP. The party is taking actions that have a clear negative effect on the economy, and that disruption is bad for business.
Government Shutdown Hits Native Americans Hard (ThinkProgress)
Bryce Covert reports that since federal grants fund many programs to the tribes, Native Americans are being hit disproportionately hard by the shutdown. Of course, this is on top of the pain of sequestration, which already caused many cuts in services.
What Happens If We Approach the Debt Ceiling? Here’s What Happened in 2011 (The Atlantic)
Derek Thompson remembers what happened when we last came dangerously close to the debt ceiling: markets dropped, interest rates rose, and the U.S. credit rating was downgraded, costing taxpayers $19 billion. All that can be avoided if Congress will just raise the debt ceiling.
Too Small to Survive: Inside One Bank’s Struggle to Save Itself (The Guardian)
Jana Kasperkevic looks at the opposing side to “too big to fail,” and finds that small local banks are hurting. One such bank, which focused on real estate loans to local businesses in Bridgeport, CT, was forced to close by the FDIC.