The reason the debt ceiling will be raised before August 2nd

The Republicans fear only one thing.

An end to the gravy train.

And the gravy train is funded mostly by Wall Streeters.

And the Wall Streeters won't let the Republicans block the debt ceiling increase.



Boehner's bluffing. The people who own Boehner have already told him he is going to increase the debt ceiling.


Obama knows it. Or he should.

is the Boner goes crazy and goes "rogue" and completely destroy the economy.

EDIT: For spelling

I'm not sure rouge would improve his beauty.

I hope not. He's garish-looking enough already.

And they are no friends of big contributors (unless astro-turfed through properly money laundered channels).

He really is in the squeeze.

They simply won't allow him to go that far.

Obama knows it. The Republicans know it. This has got to be the most shallow political bluff I've ever seen.

They could be betting that we WILL default.

That would be so like them, wouldn't it? Bet that it will go down, and then Make It Happen On Purpose.

The sharpies know how to make money when things are going down, as well as when they go up.

The real money in this country is wrapped up in the economic status quo and a bond default will be a major economic disruption. Many of the brightest minds on Wall Street were not able to see the the housing bubble so it's unlikely they are all in the know and conspiring to capitalize on a default event.

Your idea is interesting of course (it would be just like them) but IMO it feeds into the notion we must capitulate on the new budget because they are "crazy enough to do it". The end result of a default involves actions we can't predict like how our creditors and the bond market will respond. Even Bill Gross can only guess at the potential costs and risks of such an event.

debt ceiling to be raised.

which ever has the most money owns the weeping boner

Although I doubt it will help. :(

They will create money and give the government access to the Fed discount window.

The fallout from the default itself is just another risk to be carved up into derivatives and sold. The house always wins. The Wall Streeters will be fine.

The rest of us, not so much. Obama's re-election chances, not so much.

Being the party of "NO" has worked fabulously for the Repiglickins in last year's elections.
They control the media so completely that they completely deflect the blame for their obstruction onto the Democrats.

We will need to use every means of communication at our disposal to prevent this from happening again.

Obama should simply call their bluff.