It looks as though there might be a deal in the works to raise the debt ceiling enough to cover about six weeks of government spending, in which case, the nation will get to do this all over again between now and the end of November … Yippee!
Who knows where the approval ratings will be for the House, the Senate, and the White House by that time as the nation’s “apocalypse fatigue” increases from current levels, if that’s even possible. Look for consumer confidence to erode further.
A few news items on the shutdown/debt ceiling debate shed some light on the goings on in Washington and are recommended reading for anyone wanting to be brought up to date on the subject or who are curious about the title above that was derived from these two reports:
These two stories go a long way in explaining why President Obama is likely to end up doing exactly what he has said he’d refuse to do – negotiate before raising the debt ceiling (that is, if he wants the debt ceiling to be raised for more than six weeks at a time).
Those who are firmly on one side of the issue might want to pick the appropriate commentary below in order to reinforce those views (that’s what most Americans do, right?), just in case things get a little dicey here in the days ahead as lawmakers try to make a deal to make some other deal at a later date.
- Ending the debt limit crisis: Dear Ben Bernanke – Alan Grayson, Reuters
- Government Shutdown: Don’t Believe the Hype – John Stossel, Reason
I don’t know about you, but I seem to suffering from apocalypse fatigue.