Playing "Chicken" is only fun for the "chickens"
The game of chicken that is currently being played out on Fox Cable Network and MSNBC Cable Network--and on Capitol Hill--could be the most irresponsible action taken by our highest elected officials in two and a half centuries.
It appears that Obama is saying "No!" to any deal that touches Social Security and/or Medicare spending and doesn't cover at least the next two and a half years. Basically, he is stating that he wants a "clean"* debt ceiling increase for a period to get us past the 2012 elections. On the other hand, the Republicans are stating that they will say "No!" to any increase in the debt ceiling that goes beyond about six months and/or includes a tax increase on ANYBODY! Even a one percent increase on the likes of Bill Gates' billions (or Rupert Murdoch's) is unacceptable.
Thus they both want a clean* [sic] bill; it's only a matter of the duration of the debt ceiling.
My personal thought is that they should make it twenty trillion dollar increase and not think about it until my grandchildren are having my great-grandchildren--and trust God to work out the details as regards spending and tax rates. God didn't take twenty years to part the Red Sea, so I believe twenty years to bring spending and tax rates into line to reduce the national debt to ZERO would be duck soup for Him.
* "Clean" is the new buzzword for no changes in spending or tax rates.