borndead1 wrote:They are only putting on a show. There will end up being MAYBE a 10-15% reduction in spending over the next 10 years. All military spending will be safe. Hey, perpetual war and keeping a military presence in over 100 countries ain't cheap. They MIGHT shave a few million dollars off foreign aid, just so the freshman republicans can claim that they "cut foreign aid". Entitlement programs will probably be spared too, so the democrats can say "we saved social security and medicare".
It will get done, very close to the end of the deadline, perhaps within just several hours. of time to spare. They should do it today (Sunday), so that the markets will breathe easier when they open tomorrow, but I doubt it will happen. Real problem, as I see it, is that Boehner has a little egg on his face right now (and the Rs don't have their act together as well as Boehner thought or would like.
Ds want to extend an agreement past the presidential election to avoid any intervening spending dispute that could cost them the White House or Senate, and enhance their chance that they will be able to make inroads in the House. Tea Party sympathizers can make all the noise they want, but they will only impress their own original electorate.
Right now, Democrats are taking the least political hit. Rs are taking a big hit. Obama took a slightly lesser hit. Politically, ts been a bad couple weeks for Boehner-and it is not over yet on this issue. Reid is faring better. But, the real winner is... no one!!!