So who will blink first?

The Speaker suffered an embarrassment by failing to have the votes to pass his Plan B which would have raised taxes on income over$1million dollars. Polls suggest the republicans would get blamed if thee is no deal. Regardless of any deal the bottom line is that we need to cut spending. A tax increase might even be necessary because the fact of the matter is that both sides have been benefiting from the taxpayers for decades. The democrats have used federal money to promise money for their constituents and the republicans have given tax subsidies to companies who were already profitable. At some point the public trough was going to dry.