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There is something about the impasse over the fiscal cliff that seems eerily familiar.

The underlying U.S. economy is reasonably sound, and our problems well within our capacity to solve. The open question is whether our political institutions are up to the challenge. The nation’s credibility as a global leader is in question.

We’re now Europe.

http://www.washingtonpost.com/blogs/wonkblog/wp/2012/11/30/is-it-europes-turn-to-laugh-at-the-united-states/