The Debt-Ceiling Deal...

According to Bill McGurn (the lead):

When it comes to Murphy's Law—the idea that anything that can go wrong, will—we Irish have our corollary: Murphy was an optimist.

Even from this sunny perspective, it's hard to look at the debt-ceiling compromise and see it as anything but a conservative victory. It's not just that Speaker of the House John Boehner succeeded in imposing some conditions in exchange for an increase in the debt ceiling. It's that the deal has Democrats, including the president, essentially signing on to the Republican framework for defining the Beltway's budget problem: spending that is too high rather than taxes that are too low.