The regrettable spectacle of lamentable governance masks the even worse spectacle of government at its worst.
Strip away details and consider the essentials. In the regrettable-lamentable case, two sides of a polarized government spurn compromise and act willing to accept whatever happens to the US economy after the federal government defaults on financial obligations. In the worse-worst case, the government punishes companies for failing to comply with impossible requirements. Both cases reek of irresponsibility.
In showdowns over the Affordable Care Act and debt ceiling, realities are clear. Obamacare won't be defunded. Raising the debt ceiling, however distasteful, is less bad than def...