I get a little fed up when I hear the President say no compromise on the budget. They are going to wait for the Republicans to cave in and agree to what they have offered. Rumors abound that, the Speaker of the House, John Boehner said that he would never let the Congress go so far as default on the national debt. Then you hear the Democrats state like a litany; "This will hurt the Republicans real bad when it comes election time."
Think about it for a minute. Any horse trader has enough smarts not to divulge his settlement terms. So if Obama thinks that Boehner is going to blink, he’s miscalculated. Another thing why would the Republicans lose votes? Voters, who want to give money out to every bleeding heart cause, don’t typically vote Republican.
We’ve had about 4 days of this mess so far, and if you listen to the Democrats, this is just horrible for the country. It’s as if we have been suffering through this for months when they describe the fallout. You’d think that half of the kids on the free lunch program have starved to death by missing 4 meals. A lot of government employees have been furloughed, but when things get back to normal, these people will get paid for the days they didn’t work --can you beat that?
Then if Congress lets this go on for two more weeks, we hit the debt ceiling. At that point it is no longer Democrat against Republican, it becomes a discussion on how many fairies can dance on the head of a pin. The concept borders on folly, but everyone is playing the game; “If we don’t write another IOU, the full faith and credit of the USA will be ruined.” How many free hamburgers does Wimpy get to eat with a promise to pay at a later date? This is what kicking the can down the road is all about, avoid the reality of spending beyond our means.
Is there a deal to be made where both parties can show that they got something in the bargain? Most probably. But if there is no compromise, both sides end up with nothing. In this case, both sides loose the ability to buy something with nothing while getting thanked by their constituents for doing it.
One thought to consider; the people with a solution for every problem, are usually a major part of the problem. Here’s hoping they can get together and come to a compromise.
Below is a picture that seems fairly straight forward until you realize that when you borrow money, they charge you interest. You could say from here, it gets real interest-ing. Kicking that can down the road is looking better every passing day. That doesn't say much for facing up to reality.