I get it...Brinksmanship is often the only way a deal is struck when the options are as uncomfortable as raising taxes or cutting entitlements.
But these debt talks in DC have an Albany-like flavor. Instead of three men in a room, its five people in a room...The four legislative leaders and the President.
Presumably they will produce a last minute deal that the respective flocks (parties) will vote for without debate or amendment.
The problem is these lemmings call lawmakers are getting antsy about sitting in DC waiting to be told what the deal is...
Meanwhile all have bought into the August 2 deadline on raising the debt limit. Actually, its not as simple as one day its all over. With revenue still coming in, the Fed can still write checks...just not checks to everyone..
The truth is whatever happens the debt limit will go up and the deficit will not go away. There will be threats of closing a campground at Yellowstone or shutting down the National Weather Service. No one will think about all the foreign entanglements that are bleeding us. And the complexities of the medical system will prevent any changes to Medicare.
It's beyond resolution. We just have to compromise where we can and hope for the best.
Republican Debt Talks With White House Off; Obama Angered - Major Garrett - NationalJournal.com