Who won and who lost?

English: President Barack Obama makes a statem...

English: President Barack Obama makes a statement in the Brady Press Briefing Room at the White House announcing a deal in the ongoing efforts to find a balanced approach to the debt limit and deficit reduction, July 31, 2011. (Photo credit: Wikipedia)

Now that the government shutdown and debt ceiling fight are temporarily over, who won and who lost? Certainly President Obama won by refusing to negotiate with the hostage-taking GOP. However, the GOP won too by reducing our confidence in government, which has been one of their main goals for years. Reducing confidence in government will make it easier in the future to reduce government funding. The big losers in the fight were the American people.

Advertisements

Blather

English: Chart of the United States' debt ceil...

English: Chart of the United States’ debt ceiling from 1981 to 2010 in $ trillion. This chart tracks the debt ceiling at the end of each calendar year. Years are color coded by congressional control and presidential terms highlighted. Data source: http://www.treasurydirect.gov/NP/BPDLogin?application=np Modified chart by http://commons.wikimedia.org/w/index.php?title=User:LibertyUSArocks&action=edit&redlink=1 to remove New York Times logo and make more NPOV. (Photo credit: Wikipedia)

Don’t bother listening to the blather on the right about the government shutdown and the debt ceiling. The impasse will last until the bottom drops out of the stock market. Then and only then will the government re-open and the debt ceiling be raised. The talking heads and various pundits have 24 hours to fill seven days a week. They talk, but don’t waste your time listening.