The International Monetary Fund is a floating troubleshooter in the modern age. And, though the crisis is real, our economic situation is good and we are able to withstand some period of concern. Besides, we have some faith in the modern moneychangers. Remember, we can bank over the phone. We have ATMs now.
Instant gratification is a great way to keep folks from complaining.
We're not going to do nothing, but we're not going to try to do everything. Hands-off governance is in fashion. And the battle over who gets credit for government downsizing rages on. Republicans are suspicious of the president's language about cutting government because they don't want him to be getting the credit for the inevitable. They'd like to keep the credit in their own corner.