Washington, America (and much of the world beyond) have been transfixed as Congress and Pres. Obama negotiate spending cuts and revenue increases (if any) in exchange for an increase in the federal debt-ceiling. (Along the way, there have even been suggestions to ignore the ceiling entirely, and act under a Fourteenth Amendment theory accepted only by a few.)
How important do you think all this is?
Here’s a poll, for those who’d like to participate by voting, and below is a comment forum for opinions expressed that way.
My take: it’s very important, and any of the Congressional proposals is better than doing nothing, or trying to act under the dubious Constitutional theory that one may borrow without raising the ceiling. August 2nd won’t bring the end of the federal government, America, or world, but a deal before then is preferable to tempting the Fates markets.
Comments will be moderated against profanity and trolls; otherwise have at it. This post will be open until Sunday morning, and stay at the top of the page. Other posts may appear during that time, but they’ll be below this one until Sunday.
The Republicans accuse the President of having begun his 2012 campaign;
it’s like the pot calling the kettle black. Boehner’s pulled a boner on this one: he looks orange, odd, ineffectual, and weepy willowy, as usual. Eat yer peas…
The last election hasn’t settled anything regarding run away spending Nothing changed!!!!!!! It’s as bad as ever and they can’t stop it
We will be okay They will come up with a plan at the last minute and declare themselves GENIUSES, SHEER GENIUSES.
I see your point about fundamental liberties, but if the economy continues to deteriorate from fiscal irresponsibility fundamental liberties will be eventually discarded. Bitterness and meanspiritedness will overwwhelm too many people. Desperate times will create desperate people. We hope that doesn’t happen, but it seems more likely after each political blunder.
Sad but true.
if youre out of work what you already have is a deficit