As I begin to read in for the Dog a little while ago something strikes me….
The theatre in the round that titled the ‘Debt Ceiling/Budget Talks’ is all over the place…..
First there’s this from Politicalwire…….
First Read: “With the clock ticking until the Aug. 2 deadline, there are essentially three tracks to resolve the debt-ceiling standoff. One track is McConnell-Reid, the ongoing negotiations between the Senate Majority Leader and Senate Minority Leader to pass a ‘failsafe’ debt ceiling increase without majorities of Congress having to approve it, and it’s losing a lot of steam (right now). The second track is the talks between President Obama and House Republicans John Boehner and Eric Cantor, as they try to revive a ‘grand bargain’ — and it’s a track that is a LOT more active than folks realize. And the third track is a second grand-bargain-style deal — this one by the Gang of Six in the Senate.”
One huge problem: “There is currently no plan out there that could get through the House. And that’s raised chatter on Capitol Hill that the only way to convince enough House Republicans to support ANY track is for the Dow Jones to collapse, a la what happened with TARP in 2008.”
Then there is this from CNN….
Of course the Money people over at Wall Street are smart enough to know that it looks like the August 2nd deadline isn’t gonna be much of a deadline (Obama is not gonna what I think he should do which is STOP writting Federal checks ) so they have set in motion this action mentioned in the New York Times….
By LOUISE STORY and JULIE CRESWELL
Lawmakers in Washington are racing to reach a deal to save the country from defaulting on its debt, but financial players are devising doomsday plans in case the clock runs out……
Like I said in the tittle to this post….
Things are fluid…
So fluid that NOBODY seems to saying what the final outcome will be….
Certainly not the Speaker of the House John Boehner who seems to be a ally fight with his Majority Leader…
Cantor and his ‘no negotiating group’ is either amenable to something…..
Nothing that doesn’t cut the balls out of the budget right now and sticks it to the Democrats and hurts Obama….
Quit frankly only the inside players know the score…
The media is just guessing …..Share on Facebook