Norm Ornstein:
“As readers of my past columns know, I was not exactly optimistic as we
approached crunch time over the debt limit in 2011. But I am far more
pessimistic now. At a dinner I attended Monday night with a host of
those individuals deeply involved in fiscal matters, it became clear
that there are no talks going on now–neither formal nor back channel–to
avoid a series of crises over spending and the debt ceiling. The House
majority is in profound disarray, unable to muster majorities for
anything on the spending front as the new fiscal year approaches.”
He concludes: “We are careening toward economic disruption triggered by
outrageous demands that jeopardize the economy and endanger the most
vulnerable among us. Shameful is the only way to describe it.”
Meanwhile, David Hawkings has a more optimistic view of how the current standoff could end.
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