I do not know how the current budget/debt ceiling crisis will end.To watch MSNBC it is the Angels/patriots vs the subsversives and children.
However public polling aside ( which changes every hour) lets look at some facts that everyone can agree on.
1- During the State of the Union, there was no mention of a debt crisis,too much spending or debt ceiling.
2-THE PRESIDENT PRESENTED A BUDGET WHICH LIKEWISE DID NOT MENTION THESE AREAS,AND WAS DEFEATED IN THE SENATE 98-0
3-For 2 years Democrats did not present a budget for consideration.
4-Now that the crisis is upon us, the Rep/Tea party have resisted calls for tax increases and stressed spending reduction.
No matter what the final outcome is ,it is relatively clear there will be no tax increases, a modest reduction in spending-although it will not even cover the interest payments for the year.In addition there will be an increase in the debt ceiling.
Had the Reps not put up a fight, there would be no reduction in spending,and no public awareness of the big spending spree of the last 10 years.The battle of '12 is under way.
Robt Baer a former senior CIA official believe Israel will attack Iran in Sept.He bases this on a statement from former Mossad Chief Meir Dagan, who advises against such an attack.Observing all the nuclear activity in Iran, I keep asking myself When?
In the funny Dept.- Pres. Assad of Syria has recognized East Jerusalem as the Capitol of Palestine.This is reassuring to Abbas.
