The Republicans need to have a zero-deficit budget in their pocket.
Then they can negotiate on how to get from here to there.
One reason this is necessary is because claims that they will refuse to raise the debt ceiling unless a deal is struck on the budget will not be taken seriously by the administration unless the Republicans show they are ready to make the move if necessary.
This is standard negotiating tactics. You can’t beat something with nothing.
Exactly where I am.
We need to get down to $0.00. That’s our end goal.
My timeline to do so is very, very short, i.e. September 2011. Why? Because our Debt to GDP ratio is now 100% (14T in debt, 14T in GDP) and that’s the point most countries default and there ain’t no country that can save us like they saved Greece.
So that gets us into brinksmanship. I posted the Federal Cash Flow situation this weekend http://www.freerepublic.com/focus/f-chat/2653239/posts It ain’t pretty but it is what it is.
Baring a plan to get the deficit down to $0.00, I’m thinking of going Gault. I’ll pull all my cash out of my 401k, convert it to metal and wait for the end times.