Thread: Economics The Debt Ceiling Approacheth
View Single Post
Old 01-14-2013, 03:26 PM   #105
Direckshun Direckshun is offline
Black for Palestine
 
Direckshun's Avatar
 

Join Date: Oct 2006
Location: Springpatch
Casino cash: $1209138
Quote:
Originally Posted by FD View Post
Failing to raise the debt ceiling wouldn't cause a government shutdown, at least not how we traditionally use that term. It would cause a catastrophic default and massive recession. While most Republicans in the House do seem to find this option acceptable, there is no way Boehner does. In the end, I think he will blink.
I think Obama and Boehner will blink simultaneously, coming to a small-ball deal so they can say they came to a deal, a la fiscal cliff.

I don't think, however, that they come to this deal prior to hitting the ceiling.

This is going to sound crazy, but the GOP's base is so pissed at them, they basically have to default the country for a day or so to protect their right flanks, to prove they are fighting with Obama, not compromising with him.
__________________
Posts: 43,724
Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.
  Reply With Quote