2011-07-19 07:56:35As the US Nears the Brink, The Budget Row is Exposing GOP Madness - Guardian.UK
John Hartz
John Hartz
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This article is an excellent summary of the political quagmier the US is wallowing in.

2011-07-19 09:14:58
nealjking

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It is a game of chicken right now.

I believe a deal will be closed on 1 August: Otherwise Wall St. will be VERY unhappy with the GOP.

Probably it will be along McConnell's lines: Obama gets the ceiling-lift, but Republicans get to say they voted against it.

2011-07-19 12:21:16
Rob Honeycutt

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Yeah, Republicans will get to say they voted against it but Dems are going to get to drag their names through the mud because of this mess.  I think Cantor is handing Obama a victory in 2012 on this one.

Nate Silver at 538.com has a few interesting posts on this whole topic.

2011-07-19 12:26:14
Rob Honeycutt

robhon@mac...
98.207.62.223

It's just bizarre to me that the Republicans went into the whole debate with a signed "no tax increase" pledge from Republicans in Congress.  I mean, if you're going to do that and mean it, why even talk?  They created a lose-lose scenario from the get-go.