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user-inactivated · 4070 days ago · link · · parent · post: Credit where credit is due -- is Boehner playing a deeper game?
why is this in doubt? i thought it was pretty obvious they were going to stall until they could pass a budget and raise in the same motion, with some concessions from the dems. there's really no other endgame to this. the democrats' desire for a clean bill is an unrealistic hardline position. if boehner did anything else, of course he would be replaced, it's just a bad move.
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I wonder. Even so, if it came down to it, it would probably be better than the alternative. No doubt the US credit rating would be hurt, but I can see the markets considering it to be a temporary political extension. QE isn't substantially less magical, and the markets are loving that.