Wednesday, July 27, 2011

The Reid Plan = US Debt Ceiling CRISIS


The Hill: Reports that the Congressional Budget Office, the final judge on the various Congressional plans, has found the Senator Reid’s plan wanting when it comes to cuts. Thus another draft will be needed by Democrats. That’s the problem when you have politicians writing bills with their running shoes on folks, the big idea does not match reality, as with the Republican Plan the cuts announced didn’t match the headlines and thus both the Boehner and Reid plans will have a hard time getting through the their Chambers. At the end of the day the Oval might have to take the political backlash and increase the debt ceiling under the authority of POTUS. The US voter, the Courts will be up in arms, the Congress would fall in to foul political warfare for the next year and half, but that might be the only option folks. It can be postulated that the Houses and Senate might pass a 60 day extension every sixty days, that would really drive Obama up the wall, but he would have no choice but to sign on, otherwise the US goes in to default. Well POTUS wanted the job!

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