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View Diary: Daily Kos Elections Morning Digest: 7/8 (243 comments)

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  •  Are the markets pricing in a "deal"? (0+ / 0-)

    I think they are to some extent. But not sure bonds are safe even in the event of a "temporary" default. Which is probably why nobody believes it'll happen.

    "I hope; therefore, I can live."
    For SSP users, see my Tips for Swingnuts diary

    by tietack on Fri Jul 08, 2011 at 09:23:52 PM PDT

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    •  They're expecting a deal, yes (3+ / 0-)
      Recommended by:
      tietack, NMLib, MichaelNY

      The markets don't believe default will happen.

      I'm quite confident they're right.

      Boehner has made clear he agrees default would be a national disaster, and a deal must happen.  Everything he says that appears to suggest unwillingness to compromise is just posturing to coerce the most conservative deal possible.  Fortunately, contrary to the beliefs of some on the left, our President and Congressional Democrats really do have firm principles they won't surrender just to make a deal.

      By the way, Senate Dems just released their proposal, with a 1-to-1 ratio on tax hikes and spending cuts, no touching social security, and only minimal cuts, with none to benefits, on Medicare and Medicaid.

      Non-starter with the GOP, but it's the right starting point for our side in this.

      43, male, Indian-American, married and proud father of a girl and a boy, Democrat, VA-10

      by DCCyclone on Sat Jul 09, 2011 at 10:07:20 AM PDT

      [ Parent ]

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