I think no deal is imminent following the House majority party's most recent abdication of their responsibilities,* which leads to a few predictions from me, now recorded for posterity:
1. Bonds are going to be downgraded. At least a notch, maybe two. Even if there is an unlikely, 11th hour solution. Like last time, remember?
2. Recession, recession, recession.
3. The House majority party wants Obama work around them to stop the debt ceiling nonsense. This
will enable them a reason to try and impeach him. Even with the present level of utter insanity in Washington, I am quite certain this will succeed less well than impeaching Clinton.
4. If it fails, future republican presidents will have no qualms whatsoever about acting unilaterally, having poisoned the public opinionwell for presidential impeachment. Again.
* At this point, no thinking person can say any of these people are fit for a public office they have sought to destroy.
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