Late Monday, the Treasury Department announced that the federal government will hit the statutory debt ceiling in the middle of October, setting the rough date for the next political/economic crisis. Republicans have been offering a lot of wild theories about their negotiating strategy around this, but on CNBC this morning Secretary Jack Lew said the right thing about the administration’s bargaining strategy—there is no strategy because there is no bargain.
Why should he offer anything?
He already knows that the Gutless Old Pussy faction of the Ruling Party is going to cave. Speaker (to Morons) Boner has already signaled that the GOP will spout a lot of hot gas, but they are terrified that they will be blamed if Obama and the Democrats shut down the government.
I plan to ignore the whole damned dumbshow. I’ve seen it before, and I already know how it turns out.