Main stream media will not mention it but there is total panic in Obama govt now. This is the time to increase pressure on the US and force them to come to our terms.
America’s path from fiscal improbity to political impasse
ONCE a stalwart of good governance, America looks like a rodeo clown. If the House and Senate cannot agree to continue funding for discretionary spending by midnight on September 30th, the federal government will experience one of its periodic shutdowns. There have been 10 such episodes since 1981, the date of the first one under the current budget-making rules, so a brief hiatus in government functions need not be frightening. Some non-essential services would be suspended and inconvenience caused—in addition to sending the US Treasury market into mild gyrations. Far worse is the idea that Congress might fail to authorise the raising of the debt ceiling in mid-October. Republicans in Congress have a shopping list of demands in exchange for allowing this; the president has said he will not negotiate. If America were in real danger of missing a debt payment it is likely that President Obama would find some constitutional justification for ignoring Congress rather than set off a financial meltdown.