It's one thing for the Republicans and centrist Democrats to defy their voters. But is there anyone on the planet who believes hey are really going to defy these guys?Sixty-two business groups, including the American Gas Association, the Telecommunications Industry Association, and the National Association of Manufacturers, urged congressional leaders on Wednesday to raise the federal debt ceiling amid fears that political brinkmanship could lead to another financial crisis.
Defy their masters? In a word, no.
According to Village rules it's OK for the markets if these ideologues run out the string on the debt limit to the very last minute so they can use it to check off items on their screw-the-people wish list, but if the Democrats just say no and refuse to negotiate for something they know the other side has already agreed to do, it's irresponsible and dangerous. But the least the Democrats could do is get something in return. Are they asking for anything aside from what both sides already intend to do in return for slashing spending on their own constituents? I haven't heard of anything.
Going by precedent, the Democrats will probably cave to the empty bluff. They'll bend over for the Repugs as per usual and, also as per usual, we'll get it dry and hard.
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