[joeysteele]

The problem is that whatever they do it will likely have an effect on us too.

I agree, Obama clearly is concerned as to his electoral position, a stalemate is a bad position to be in but I think the Republicans believe they can take him down further on this one.
Rather risky though to be playing these political games with your Nations finances.

As to his cuts plans such as they are, he should maybe look harder to over here, the growth in the UK has gone from 1.1% for the quarter of April to June 2010 right down to o.2% for the same quarter in 2011,with the previous 2 quarters showing a +0.5% and also -0.5% (so no growth at all really), it would seem the savage and rapid cuts have considerably pulled back our recovery from the 1.1 figure.

I think, back to the drawing board Obama and I sort of wish our Govt would look at things again too becasue the way we are heading,this govt hasn'e an earthly as to clearing our deficit now in only the next 3 years 9 months before the next election.

Stimulation not stifling is what's needed to be done,Obama needs to stop dragging this on and do something.