Tuesday, October 1, 2013

Derek Thompson — The GOP Might Lose the Shutdown Battle, but It's Already Won the Spending War

Don't say Democrats aren't compromising. Their bill last night (rejected by the House GOP) would have funded government at Paul Ryan-levels.
The Atlantic Business
The GOP Might Lose the Shutdown Battle, but It's Already Won the Spending War
Derek Thompson | Senior Editor


4 comments:

Matt Franko said...

This is REEEEAAAALLLY BAAAAAD!!!!

Matt Franko said...

Looks like what they may do eventually is make the CR deal on this 986b number and suspend the debt ceiling for another year...

This is OVER a 200b annual hit to the govt top-line in discretionary while the CR remains in effect...

They both have already pushed 'Obamacare' back till 2015 for corporations....

The rally in stocks today will only short term embolden the GOP crazies cohort... dont look for this to be settled immediately if stocks continue to drift upwards...

The idiots will say "see, the stock market went up let's just keep it shutdown!"...

VERY fluid situation...

rsp,

Tom Hickey said...

Mr. Market thinks that less government "intrusion" and a budget surplus is good for business.

Matt Franko said...

Huge injection day today though Tom, should be $40b to $50b... (1st of the month)... generally supportive day of the month...

Tomorrow may be of more interest...

rsp,