What are the chances for no debt ceiling increase?

[edhopper]

With nothing new this weekend, I now think its 50/50.

[Make7]

1. 0.2% ( n/t )

[elleng]

2. If it were just up to the stupid politicos, you could be right,

but its not. Surprising to suggest that Wall Street may do something good, and FORCE the idjots to pass one.

[Poll_Blind]

3. I'm thinking, like....2%. At this moment, anyway.

I haven't been under the impression that we're going to default for a few days now, though. Still, there are some fucked up political forces on the Repuke side which would love to see that shit go down, like Cantor, so I'm not saying there's no chance of it. I just think it's quite a bit less-likely at the moment. Like trying to determine if a drunk at a party is going to eventually take a swing at somebody, the odds can change moment to moment.

PB

[PoliticAverse]

4. The debt ceiling will be increased.The only question is what the deal to do it will look like. n/t

[ProgressiveProfessor]

6. I agree, it will happen, but at what price?

[riderinthestorm]

8. I agree as well. The only question is what the deal looks like

or if Obama decides he has to resort to something really risky like invoking the 14th Amendment. Doing that would set off a firestorm in Congress and ensure nothing gets done ever again (I know, I know, nothing HAS gotten done but the acrimony will be even worse if possible). For this Prez who seeks to be "bi-partisan" at all costs, invoking the 14th Amendment would be a desperation move.

The only plus side for Obama is if he torches his relationship with Congress by invoking the 14h Amendment, he will win big allies on Wall St and Big Corporate.

But I also am sure the debt ceiling will be raised.

[elleng]

5. Surprised to suggest Wall St. may force the idjots hands

to do the right thing and pass one; otherwise, 50/50 might have it.

[ThomWV]

7. None, but keep this in mind. The fools, both Ds and Rs, are playing chicken with our future

They are playing with our lives like they were sock puppets. Fuck all of them, just every god damned one of them.

[spin]

10. People are getting tired of the failure of both Republicans and Democrats to address our problems ..

and instead both parties play foolish political games.

I happen to support the Democratic Party and Obama's position far more than I do the Republicans in this "crisis."

If lower taxes on the rich and the corporations did indeed cause job creation, as the Republicans suggest, we should have work for every person who wants a job.

However. our party did have control of both houses of Congress and the White House for two years. We focused on passing a healthcare bill, which is unpopular with not only with Republicans but has also disappointed many Democrats. The attempts to stimulate the economy possibly stopped a depression but did more to bail out Wall Street and the big bankers than help create jobs on Main Street.

But the Republicans had power for years and they spent money like "drunken sailors" and involved us in a expensive and unnecessary war in Iraq. Their sudden interest in reducing government spending sounds hypocritical at the best.

The people I talk to, despite their political views, are becoming fed up with a government that acts like children in unsupervised playground.

I sense a movement to vote everybody out of office and try an entirely new crew. Incumbent politicians should be aware that the natives are growing restless.

[ProgressIn2008]

9. Negligible. This is merely theater - something for the Rs & Ds to chuckle about whilst golfing. nt

[AndyTiedye]

11. Slim to None

Eric Cantor's holdings in the Ultrashort ETF tell the tale.

"Wall Street" as a whole wants the debt increase, and is assuming that it will happen.

The people who are pulling Cantor's strings, and those of the teabaggers,
have presumably invested as Cantor did, but tack on a few more zeroes at the end.
They are betting on a crash, and expect their minions in Congress to deliver.

[pa28]

12. None. Wall Street is already pressuring Boehner & McConnell to finish a deal.

The real owners of the Republican party will have their wealth at risk in the uncertain atmosphere of a default event. Bankers, corporations and wealthy individuals simply won't allow Republicans to continue using their money as part of an ideological bluff.

[no_hypocrisy]

13. This is likely to be the outcome:

1. Debt ceiling will be raised.
2. At least $4 trillion will be cut from spending, inc. Social Security, Medicare, and Medicaid.
3. Interest rates are going up even if debt ceiling is lifted.

[dkf]

14. Isn't it a one liner?

If they don't get it done we are forfeiting our title as the world's economic powerhouse...which we are going to be losing in a bit anyway.

[Lil Missy]

15. 0%