Government Shutdown Day 10: I hope you enjoy getting these daily laptops…because I think they’re going to be coming to you for a while.
This whole dispute has reached a new phase. First of all, we are now past just dealing with “Shutdown/ObamaCare” and are into “Debt Limit/Entitlement Reform” territory, as well. One is unlikely to be resolved on a long-term basis without also dealing with the other. Secondly, the rhetoric has stalled. The Democrats have been repeating the same messages for days now, as have Republicans. Thirdly, Washington is settling in to this debate, and both the House and the Senate are beginning to talk about doing a few things that are not directly related to the Shutdown/Debt Limit, such as the Farm Bill. .
But, political bodies do not stay stationary for long. So, there are a number of factors that may start to move things a little here. First of all, of course, is the looming Debt Limit. As you know, I don’t think that the well-publicized October 17th date (that the federal government is “supposed” to run out cash) has much meaning. But, by November 1st, the Treasury will likely be very close to… Read More