01-19-2023, 12:57 PM
(This post was last modified: 01-19-2023, 12:58 PM by ken-do-nim.)
I've been reading up on the situation, and I honestly don't see a way out for anybody. McCarthy will lose his position as Speaker if he doesn't extract significant spending cuts, and the Democrats will lose support of their base if they compromise. I'm very worried, not only for the economy but also for the ability to keep providing help to Ukraine. Even if a deal is made at the 11th hour, it looks like markets will fall at least 20% because of this.