Sunday, July 31, 2011

Predictably, Deal Struck

Without surprise, we are arriving at the 11th Hour, and voila! A debt deal is struck! Completely predictable. Let's see how it follows through, for I saw it coming thusly:
  1. A deal will be done.
  2. The chest thumping on both sides will continue right up to the moment when the Kumbaya press conference happens.
  3. The cuts to the budget will be heavier on symbolism than substance, by a ton.
#1? Check. #2? Well, the chest thumping part is a check. The press conference shouldn't be far behind.

As for #3? Well, since the devil is always in the details, this may take a day or two to sort out, but I have no doubts it will play accordingly.

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