Vegas Line on Debt, What’s your bet?
Posted on in Community
As August 2 draws nearer, the United States comes closer and closer to defaulting on its debt. Tensions seemed to have hit fever pitch last night, as President Obama walked out of a meeting with Republican leadership in the House. The outcome, at this point, seems more uncertain than ever. In times of uncertainty, Ruck.us does what comes natural to us……we head to Vegas to hide out. Being gamblers by nature, we are sizing up the current lay of the land and trying to decide where to place our money. We currently see the betting line as:
Obama gets Boehner/Cantor to concede and gets a deal without entitlement reform. 5/1
Obama and the House come to a deal that features both entitlement reform and tax increases. Even $
House Republicans make the White House blink and get no new taxes and entitlement reform. 5/1
No deal is reached, but checks continue to go out as scheduled on August 3. 7/2
No deal is reached, country defaults, money stops moving out. Moneyline bet +280
Deal is reached, but Biden blows it with an offensive “knock knock” joke at bill signing. 2/1
Deal is reached, but only because Obama had stuffed Cantor in a locker the night before. 5/2
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