Monday, June 27, 2011

Yahoo Breakout: Bipartisan Budget Talks Breakdown

Breakout and Yahoo Politics: A Summit Meeting

  1. Game of chicken, who is going to break down first?
  2. Wrestlemania scenario, deadline real?
  3. Adults will win out, there will be a deal, but enormous pressure from Tea Party
  4. Clinton statement about default jumped on, cleaned up
  5. What gets paid first, and who?
  6. Worse to do bad deal than deal
  7. Trillion in cuts so far, another trillion?
  8. Taxes going up?
  9. Constituency opposed to cuts- not even minor changes 
  10. Bond market not concerned, bondholders paid first, but political disaster
  11. Obama failing miserably, not leading
  12. His party wants more aggressive stand, he's not doing that
  13.  Want higher taxes, can't get it


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