Thursday, July 21, 2011
Blowing-up the Economy? "Not so fast"....continued.
USA debt ceiling issue may soon get resolved. The people say federal default? Go to hell lunatic fringe.
"Reporting from Washington—As the debt ceiling debate enters its final stages, House Republicans face increasing political isolation in their opposition to sweeping budget reforms that President Obama has pushed for and polls show most Americans now prefer.
Republican resistance to compromise has turned a significant bloc of voters against them, according to several new polls, and has frustrated members of their own leadership as well as establishment GOP figures.
The fear among leading Republicans is that the party may lose an opportunity to lock in budget cuts that go beyond anything Democrats had previously been willing to consider. Five-term Rep. Tom Cole (R-Okla.) said he had never seen any spending reductions attached to a debt ceiling vote." Read more Los Angeles Times/Nation 7/1/11.
Posted by Kathy Meeh