General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIn your opinion, how will the debt showdown end?
I'd set this up as a poll, but there are too many variations and too much nuance. Here are just a few of the questions that I have:
Will the ACA (Obamacare) remain funded, but the rest of the budget will be gutted in a sequester-like move?
Will the ACA be defunded?
Will the Senate Dems come up with a counterproposal to cut funds from defense and raise taxes on top earners?
Will there be a shutdown? If so, short? long?
Will the US default on the debt?
Earth_First
(14,910 posts)even if only a portion of it is realized; it doesn't end well for you and I.
socialist_n_TN
(11,481 posts)I think I thought something like, "Not well for the working class." It never does end well for workers and the 99%.
Le Taz Hot
(22,271 posts)I was out of work for 2 years and finally, FINALLY, got this little part-time gig with the feds. It's not much but when you're low income "not much" can make a HUGE difference.
I know that's not what you asked but as one of the TWO MILLION federal employees that will be affected by this goddamned sideshow, it's pretty much all we can think of.
And who the hell knows what these bozos will do? They don't give a shit, they have theirs.
etherealtruth
(22,165 posts)however, the are truly crazed ... I won't count on that.
Kolesar
(31,182 posts)ACA is polling negatively, but the RWers think that gives them the same power they had when campaigning in 2010. Boehner is talking a tough game, but I don't think he is into it. The GOPs lost on budget showdowns before and he is scared.
...$$$...
Having said that, I am taking money out of equities because the stock market got hammered when the GOPs pulled this in 2011. I need that money and don't have time for another business cycle to pull it back up.
99Forever
(14,524 posts)... get fucked, like always when the Great Capitulator folds like a cheap suit.
Demeter
(85,373 posts)It will never get as far as defining policy.
OmahaBlueDog
(10,000 posts)Laura PourMeADrink
(42,770 posts)voted to repeal ACA.
They will get TONS of negative publicity
thecrow
(5,519 posts)my seriously crippled stock account.
I'm glad I started it; it was intended to be the funds that bought me a new car.
In 2002 I started "paying myself" 10% of my take home pay with the intention of someday purchasiing a new car. In 2009, it became a lifeline for me because I was unemployed, but it had gone throught the crash, and was seriously damaged... I lost 50% of what I had saved. In 2011, during the "debt crisis" it lost another huge chunk. Today I am still unemployed, driving a 20 year old car that I can't afford to repair, and am using my funds for groceries. Amazing to be Murkan, isn't it?
I have seriously considered selling off everything before the feces hit the circular air movement device.
thecrow
(5,519 posts)...my seriously crippled stock account.
I'm glad I started it; it was intended to be the funds that bought me a new car.
In 2002 I started "paying myself" 10% of my take home pay with the intention of someday purchasiing a new car. In 2009, it became a lifeline for me because I was unemployed, but it had gone throught the crash, and was seriously damaged... I lost 50% of what I had saved. In 2011, during the "debt crisis" it lost another huge chunk. Today I am still unemployed, driving a 20 year old car that I can't afford to repair, and am using my funds for groceries. Amazing to be Murkan, isn't it?
I have seriously considered selling off everything before the feces hit the circular air movement device.
Though they may well work the theatrics out, it may be months before my accounts recover, if at all.
woo me with science
(32,139 posts)and will fill the media for weeks. Then they will settle on something that is only VERY vicious and predatory.
The poor and middle class will suffer more, and our corporate politicians will seek praise for protecting us from the worse of two evils.
It's a slick game they've got going, the two corporate parties.
hedgehog
(36,286 posts)The Republicans in the House will not compromise, and Obama is not going to give up the ACA.
If I have my timing right , the US will default the same day the insurance exchanges open!
LuvNewcastle
(16,844 posts)I always expect the worst from Congress these days. Things have been coming to a head for a while now. The GOP is going for broke, and I fully expect this to become a national crisis. Whoever gets blamed for it will be big losers next year and with our media, there's no telling which side will be blamed.