House Republicans are bringing to a vote a measure on increasing the debt ceiling without any spending cuts. The measure is expected to fail and is being presented to demonstrate that any measure to raise the debt ceiling must include spending cuts, The New York Times reported.
Nonetheless, fearing a negative reaction from the stock market, GOP leaders have assured Wall Street executives privately that today’s vote, expected around 6:30 p.m. Eastern time, is a show.
“Wall Street is in on the joke,” R. Bruce Josten, executive vice president of the U.S. Chamber of Commerce, told the Times.
However, Wall Street has reason to be concerned. The deadline to raise the $14.3 trillion borrowing ceiling is Aug. 2, and negotiations may not play out like others that always end in deals. Sen. Mark Warner, D-Va., told the Times, “The people who are more politically savvy realize this may not be the normal brinkmanship.”
House GOP members have said that they either do not believe the government will default or that they do not fear it, according to the Times.
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THE COMMENT FINE PRINT - IN DEFENSE AGAINST MENTAL MIDGETS:Why do you not respond to my comment? Why is my comment gone? Why are you mean? Why do I hate you for erasing my comment? Why do you hate me for my comment? Why is cussing not allowed (Sometimes you do it - sorta!), when it helps me express my feelings? Why are you a #$&%@#? Why is it wrong to wish you dead? Why do you love Russia? Why are you stupid? Why are you unpatriotic? Why is, why is, why is and why is? My GOD man, Why are you worse than a communist?
The above manifestations of a horde of mental midgets is why I only respond to comments that have signed up to be a user of the blog! (Top right of website is link!) Anyone can comment and anyone can be erased after they comment, but only someone who takes the time to sign up gets a second look from me at the comment. Sorry: I have to draw the line somewhere and when you get thousands of spam, hate and death threat comments a day, then all you do is look at spam, hate and death threats, then I never get anything else done. If you comment after signing in, then I will get a message that someone has tried to post a real comment?
Thanks for understanding and even if you don't understand, thanks anyway...
Another day in the life of Windows to Russia...