This negotiation is really not that complicated and the solution is simple. This is like a home purchase negotiation where the buyer wants to spend $190K and the seller wants him to spend $210K. To get a deal done, both negotiators have to agree on the amount the buyer is going to spend and they both have to move off their original
positions into the center and meet the other negotiator half way. They have to move towards each other and agree on a price of about $200K, or there will not be a deal and a home purchase. That’s the way these negotiations work in the business world. It’s very simple, and that’s what will ultimately happen in these debt limit negotiations, because it has to happen.
It’s time for everybody in Washington to stop all the name-calling, insults, wild exaggerations, and filibusters, and then move to the center and make a deal that re-opens the federal government. Both parties need to move substantially toward the other party, reach a deal, and re-open the government. That’s what will ultimately happen, but why do negotiations have to continue all the way down to the supposed “day before default”? That just scares the financial markets and causes unsophisticated investors to sell financial assets at bargain prices to savvy institutional investors (...again). Everybody just needs to move toward the center and get a deal done this weekend. Then Obama and Boehner can watch Monday Night Football and drink a beer together, while Harry Reid watches re-runs of Vega$ on another screen and drinks Dasani water. This deal could be completed by late Sunday night or early Monday morning if everybody just makes a substantial move towards the other party in a calm business-like way. That’s better for the county than long, nasty, politicized negotiations and last-minute deals.