More government shutdown humor compiled by the folks at Bloomberg.
What? No mention of the Panda Cam shutdown. That seems to pop up everywhere else.
In a CNBC interview earlier today, President Obama laments the nation’s budget woes, noting “I am exasperated with the idea that unless I say to 20 million people you can’t have health insurance, these folks will not reopen the government. That is irresponsible.”
In this accompanying story, not once is the debt ceiling mentioned.
You’d think that everyone, including the President, would be focusing in on that issue, given that the end of the world is potentially only two weeks away.
Here’s David Stockman, former Office of Management and Budget director under President Reagan, with some thoughts on what’s now going on in Washington during the government shutdown and why he supports the Republican position.
Anyone wanting to hear more from Stockman need only go to this Bloomberg search result where you’ll learn that reaching the debt ceiling is a “red herring” and that, Janet Yellen, the favorite to succeed Ben Bernanke as Fed Chair, has “no clue” about free markets.
From Reuters, Stan Collender, Director of Financial Communications for Qorvis Communications discusses how the Tea Party is (surprise!) likely to be the big loser in the latest Washington budget debacle as the government shutdown will probably cause moderate Republicans to join forces with Democrats to make a deal.
Of course, the deal that they’ll make won’t be for getting the government running, but for raising the debt ceiling. This is, by far, the more dangerous deadline and, starting tomorrow, attention will be focused on doing so before October 17th when, if the debt ceiling is not raised, the world basically comes to an end.
Though the process will be sad to watch, it should make for some great political theater.