Huhne Saga Again!

Daily Mail: Reports that the Energy Secretary Chris Huhne and his soon to be ex wife Vicky Pryce have been interviewed again by the Police over the allegation that the Secretary of State transferred his driving penalty points over to his wife. The Police either have to charge Chris Huhne and his soon to be ex wife or drop the charges, how difficult can this case really be, one gets the feeling the Police are trying to game out the political consequences of either an arrest or dropping the chargers. Get a move on PC Plod.

CAUTION over EU DEAL = Greece

Guardian: Reports on concern in the money markets that the new EU deal will not be enough to save Greece and the Euro. As this blog stated when the deal was announced Greece is in default, the losses to private investors by the deal means that all the Credit Agencies should declare that Greece is in default. The deal itself will allow politicians in Europe to go on holiday in August but then we still have the fact that Greece will need further bailouts, the austerity packages demanded by the EU and the IMF will make it hard for Greece to grow its economy. The State sell off its assets is taking time, the people of Greece feel they have been shafted to save the Euro, then we have the major debts of Italy and Spain, will the Parliaments of the various Euro countries really put their hands in their pockets to protect Italy and Spain in the long term, the tax payers in these countries will one say NO. The EU has not dealt with the main problem folks, a welfare state that is to costly, a debt mountain that will make the Euro the new Weimar Republic, you can only change the rules so many times folks before the currency becomes worthless. Expect more meetings folks, these politicians will take the EU over the cliff at the end of the day.

Obama and Boehner new TALKS

Telegraph: Reports that President Obama and Speaker Boehner are to have further talks this afternoon to discuss the US debt Ceiling. Folks the Republicans should play hard ball, the Chicago way, it’s the only thing that Obama understands, give him half a trillion in cuts to US Government spending, make that cut the level in the raising of the US debt ceiling and then just leave the building and go in to recess, if the US Senate and the Oval wants to take the US in to default let them, sometimes in politics you just do the right thing and let the political costs land, time to show POTUS that elections have consequences, that was the point of 2010. Even if the US defaults it will not be the end of the world, the US Government will have plenty of money to pay its welfare state, if no money goes out it will be because POTUS is playing games, show Obama for what he is , a Chicago politician.

US Debt Ceiling TALKS Breakdown

BBC News: Reports that Republican House Speaker John Boehner has walked out on debt talks with President Obama after POTUS demanded tax hikes as part of any deal on the US debt ceiling. The Republicans on this matter should pass a limited cut packages, take the debt ceiling up in till mid way though next year and then go in to recess, then it will be up to Obama to either sign the bill or the US will go in to default. As noted in my last post on this subject the devil is in the details when it comes to Obama, it seems at the last minute Obama tried to pull a fast one to keep his liberal base happy, well if Obama wants to play those kind of games with the debt ceiling then the Republicans should just say NO and do the above and leave town.