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
This is REEEEAAAALLLY BAAAAAD!!!!
ReplyDeleteLooks like what they may do eventually is make the CR deal on this 986b number and suspend the debt ceiling for another year...
ReplyDeleteThis 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,
Mr. Market thinks that less government "intrusion" and a budget surplus is good for business.
ReplyDeleteHuge injection day today though Tom, should be $40b to $50b... (1st of the month)... generally supportive day of the month...
ReplyDeleteTomorrow may be of more interest...
rsp,