What Federal budget impasse? The news media act like the budget deadline is next week. Why? Just to build ratings?

The news media act like the budget deadline is next week. Why? Just to build ratings?

newyorker.com/online/blogs/johncassidy/2... Talks Near Collapse as G.O.P Leader Quits” (New York Times)“Budget talks reach an impasse” (Marketplace)Have you brushed up on your game theory recently? If you haven’t, I suggest you go out and buy an elementary text, such as the excellent “Thinking Strategically,” by Avinash Dixit and Barry Nalebuff.It’s got an entire chapter on brinkmanship, which is what the next six weeks are going to be... Asked by charlie95 6 months ago Similar questions: Federal budget impasse news media act deadline week build ratings Politics & Law > Issues.

Similar questions: Federal budget impasse news media act deadline week build ratings.

It's not the budget impasse, it's a debt ceiling impasse. It's not next week, but it is next month, and that's cutting it pretty close. The closer it gets, the more markets will get upset, because they're playing a game of chicken that will be catastrophic (maybe) if nobody blinks.

The Treasury is already having to dig up money behind the cushions. They actually hit the debt limit a few months ago; they borrowed all the money they were authorized to and are now spending it. When they run out, they won't be able to spend any money on anything, and the whole government shuts down.

Technically, EVERYTHING, including the military and Social Security and all that. They can continue a few crucial things anyway by squirreling money in the right places, but very, very bad things can happen. I don't watch the news media because their coverage is always inane, but this isn't a manufactured problem.It's a real thing that needs to be dealt with ASAP.

They're related problems. The existing budget authorizes them to spend a certain amount of money. Since they know the revenue stream (with a certain amount of precision), they basically knew what the debt was going to be back when they passed the last budget, and they knew it would pass the ceiling.

Basically, this is all a way to re-open last year's budget, though at this point they're really talking about next year's budget. All fights in Congress are linked. No issue is ever treated on its own.

Fights are resolved with horse-trading: you give me X on this bill and I'll give you Y on that bill. Rahm Emmanuel said it best: never let a good crisis go to waste. Any crisis that's in your power to resolve is an opportunity for horse trading.

The vote to raise the debt ceiling is, in the words of Rod Blagojevich, "freaking golden", and they're not going to let it go for free. In my humble opinion, any budget ought to come with an automatic raise of the debt ceiling to pay for it. The budget is a thorny issue, resolved by horse trading, and any time you re-open a set of compromises you renege on the trades.

The debt is intimately linked to the budget and they should be resolved together. You can't set your spending independent of your income (where debt issue is part of your income). This fight is just a quirk of the budgeting process, same as any other.

Are there no items in any proposed budget that could be cut with no consequences except perhaps hurt feelings on the part of the source of the inserted item?(I suspect there are many items that could be cut, as president after president has asked for line-item veto.......) charlie95 6 months ago .

You can't cut anything in the budget without affecting somebody. Cut tax subsidies for corporate jets and you'll put some pilots and mechanics out of work, as well as costing Boeing some business. Cut the NEA, and you put artists out of work.

Everything affects somebody; the money isn't being burned in a fireplace. We can ask what we get for that money and whether it's worth it; those are good and hard questions. A line item veto would solve hard questions by putting it in the hands of one person, but if we wanted a king, we'd have stuck with England.

As for how tying the debt ceiling to the budget would affect things: in theory there's no change. The debt ceiling is a bureaucratic nicety. The debt was authorized when the budget was passed: it was an order to the President to spend the money.

Eliminating the redundant step would streamline things a bit. It would also remove an opportunity for Congress to use it to bludgeon each other over next year's budget, but they could do it perfectly well during the budgeting process, which is already in place. This is just a hack job so that they can avoid talking about genuine issues.

The first person in politics that stands up like an adult and settles this question sooner will have my vote forever. The President is right. S children do their home work early.

That is just the smart thing to do.

Actually, it is the debt ceiling. We have been operating without a budget for several years.

The problem is somewhat overstated, since the country has a steady cash-flow from withholding taxes. We'll do fine.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.