This is a win - win situation for Obama.
If he makes a deal, any deal, he will come out looking great.
Standing firm will result in a default... And a default is probably the best thing that could happen because he will then blame the default for the economy not improving between now and the election and the media will be glad to help. Republicans will then take the blame for the economy.
I predict a deal will be reached with cuts and tax increases. The cuts will be smoke and mirrors, mostly cuts to future increases or some such nonsense, but the increased taxes will take effect immediately.
>>> Standing firm will result in a default...
No it won’t.
Default is when you don’t make the payments.
We will have the money to service the debt.
We will even have the money to pay SS.
If either of those things don’t get paid, there is only one man to blame... and that is Obama who is in charge of the executive branch.
Mark Levin was talking about this today.
Only Obama can direct an obligation of the US treasury NOT to be paid.