Where are the adults in Washington?

A distinct possibility. I'm not a gambler though. If stocks drop I'll definitely expand my portfolio. Short selling is a bit too high risk for me.

SS109 wrote: Prediction: the can will continue to be kicked down the road. The limit will be raised. There will be token reductions in spending and increase in taxes, but America will still be going down the wrong road.

I agree. Its amazing the arrogance of the elitists are looking the gift-horse of low interest rates and playing this reckless game of chicken with the bond market. Hello higher interest rates?

I predict a short term debt ceiling vote at the last minute, to fund the rest of FY2011 thru Sept. This has already been voted on and spent anyway.

The rest is kicked down the road for the 2012 election show. Yawn.... We are basically toast already, the sheep just don't know it yet. Just keep promising all those bennies that can't be provided.

We used to play "kick the can" back in the good ol days. It was fun! No consumer products regulations, just find an ol beer can and run and hide.

"Republicans would accept a “mini” deal with the Obama administration on raising the debt limit, Senator John Cornyn of Texas, a Republican leader, said.

Cornyn said today on “Fox News Sunday” that while Republicans would prefer a long-term settlement, they would accept a shorter-term agreement if that’s all they could get done."

http://www.bloomberg.com/news/2011-07-0 ... -says.html

It seems to me that this whole issue boils down to politics as usual, let's reach an impasse and then let the population pay more taxes for less and less Gubment services and programs...

[youtube:104k2xr9][/youtube:104k2xr9]

For 30+ years it has been kick the can down the road. The problem as I see it is there is not much road left.

Investors on a thread I respect like to bandy this back and forth, "LET US accept things as they are, and PROFIT off the folly of the world."

The question is how. My bet is on a continually devaluing dollar and rising energy prices.

All balls and no blue chips so if anyone has a cardboard box they might be willing to rent in the future, please do not throw it out.