Another bipartisan agreement?

Discussion in 'Politics' started by Wiseacre, Aug 7, 2011.

  1. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    Okay, this past week many of the more moderate people in both parties defied the extremists on both the left and right and voted to raise the debt ceiling. Nobody particularly liked it, but they passed it for the good of the country. At least IMHO. Just wondering if they can do it again in the 2nd part of the deal, with this super committee.

    With the credit downgrade by the S&P, as of this writing the asian markets are down 3 or 4%, and the Dow futures are down over 230 basis points. If the markets do not rebound and continue to flounder for the rest of the year, one could see a lot of pressure on the president and both parties to reach a bipartisan deal with some revenue increases and sme changes to SS and healthcare programs. No trickery, dubious accounting, raise taxes now and cut spending later, but a significant agreement that most likely the TPers won'tlike and neither will the far left.

    The poll numbers for everybody in Washington are steadily dropping I think, and there's no reason to doubt a continued decline. I think incumbents of both parties oughta be getting really nervous, and so a deal that is bigger than the 1.5 trillion the super commitee is supposed to come up with could happen. The odds? I'd say 50-50, but who wants to go into the next election with nothing to show for how they at least tried to be more fiscally responsible, especially after the credit rating downgrade?
     
  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says, "Dat's right, dey better shape up or next `lection we gonna ship `em out - an' dat goes fer dem whiney Tea Partiers too!...
    :cool:
    S&P downgrade of US credit rating sends clear message to Congress: shape up
    August 6, 2011 - S&P, one of the three major credit-rating firms, downgraded its rating for US debt Friday night – a move that has the potential to further spook global markets and drive up borrowing costs in the US. The reason for the downgrade, S&P said, was congressional dysfunction.
     
  3. hortysir
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    hortysir In Memorial of 47

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    I don't think this country can bare another "compromise" like this last one
    :eek:
     

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