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It's a reality check for Washington as a possible government shutdown looms and have both sides -- to strike a -- soon.
Federal funding for government agencies to run out as early as tomorrow.
Joining me now serious side Wall Street Journal executive Washington editor.
Jerry -- we we've seen this movie before but it becomes more frightening I mean this is more frightening than a series of Freddy Krueger movies out there and just as frustrating.
Well -- -- second do much for the reputation of congress -- how it turns out that's one of the reasons I think a lot of us thought we wouldn't be in this position that.
Congress went back home in August after that -- debt ceiling debate that dragged on and on and reached a very unsatisfying conclusion.
Heard lots of complaints about -- they're doing their job and some of us thought they'd come back and try to avoid these kinds of problems but here we are again.
One week short of a government shut down maybe a couple of days a short of that FEMA the emergency management agency.
Running out of money to help disaster victims so.
I suspect they will be some muddle through option that's worked out the next few days but it's again a picture of Washington -- work very well.
I know it seems like maybe they have it in there I got to tell you what's really interesting is the leadership on both sides of -- outlook seems very cavalier -- Nonchalant about this -- more let's -- the bill's gonna happen.
When the clock is -- Well the thing is it that washing and has -- lapsed into a everything is done at the eleventh hour in the fifty ninth minute mode and once you're there you don't get too alarmed until you've reached the eleventh hour in the 58 -- I suppose.
But that's kind of where we are I think and behind that there is there clearly differing political calculations I think the Republican view of this is that.
Americans have come to the conclusion we just can't keep doing this yes we used to fund disaster relief.
Without looking for money elsewhere just took it out of that that surplus for the deficit which -- was and that America Americans are now at a different place.
We're Democrats are looking -- that -- looks petty to say if you suffered through flood or does that our tornado in Joplin Missouri.
You don't get disaster relief and -- some debate is held in Washington about where we're gonna find the money.
And by the way congress never seem to have trouble finding emergency aid to rebuild communities in Iraq without worry about weather's coming out of that the deficit are not out why are we worrying about it now when it comes to rebuilding American communities so.
You can see there the the political lines behind.
The cavalier outlook attitude that you talk about that seems to be there on the surface.
You know -- also feels like into your point if we wait and -- eleventh may eleventh hour 58 minute.
Both sides trying to milk it for all it's worth and it feels disingenuous from -- Well I think it is because particularly when you get to that stage of the game this time.
It's probably going to be a short term solution not a long term fix there -- we're gonna reduce this again in a few weeks in Washington and probably will happen.
Without the full house even voting on it because.
As noted as Peter noted there on vacation they're not here.
They'll have to be some kind of a gimmick that says will fund what we need to fund -- -- that they get back to town next week.
And we'll put some more money in the FEMA and will argue -- again in another week so it's not really it's gonna be a solution that is really a solution most likely and in Mena we could we could have a disaster government could run out of money over the weekend.
I don't know anybody and generally thinks that's likely as it's more likely to be some unsatisfying temporary effects.
And with these shenanigans how we supposed to feel confident that this super committee.
It come up with any kind of so this and I mean if you can't yet give the government to continue funding itself does that we're talking until November.
How can we be confident all that anything really concrete going to happen.
Well you can't I mean you're asking direct question if you can't do the little stuff easily can you do big stuff at all and this funny reason to think -- the answer that is now you can't do it.
Look I was an optimist a few weeks ago about the super committee I kind of thought the lessons of the summer.
The voter backlash in August and the fact that.
Everybody had -- decided that to fix the super committee up with -- rules that would allow it to succeed meant in fact it could get to where it needed to be with that too much grief.
But it really doesn't feel that way now I mean both sides are down again you have the same revenues there's is no revenues.
A disagreement you have the White House proposing.
To pay for lots of things with tax increases that they know Republicans are gonna buy into.
You don't get any sense of give on the Republican side on that question so you're probably gonna have a very drawn out very unsatisfying debate that produces another partial solution.
This is all getting kicked into a big ideological debate for the 2012.
Campaign about what the role of government is going to be how big problem the deficit really is and what the taxation level Americans -- to live with ought to be.
-- absolutely right now before I let you go Jerry.
You think you're an insider -- town I'm sure if a lot of people talking perhaps off the record.
You get a sense that maybe the rank and file are as frustrated as a regular Americans -- what you know amid this feels like a battle amongst the leaderships of both parties but on the other members are saying well what -- -- they would just let us get their act together.
To some extent yes but I got to tell you that one of the things leaders are listening to the -- bases of the two parties and they're ready for a fight you know you don't have give a Tea Party base of the Republican Party that is perfectly happy.
To have this ugliness break out as long as it's in in service a no new taxes position that Republicans are taking.
And there are a lot of people at the democratic base who think that the Democrats haven't fought hard enough against that so.
Yet the leadership looks like it's responsible but I gotta tell you I think that's in large measure because leadership is listening to insensitive to -- -- -- -- overly sensitive to what they're hearing from the base.
-- the battle is joined -- side of the Wall Street Journal thank you very much appreciate it.
Sure -- to you if you okay.
Breaking news oil rebounding from a six week low closing up -- 39 cents eighty dollars and 44 cents at to gain of about half of a per -- Well last week I ask you what government programs you think -- the most taxpayer money.
Here are some of your responses a little bit lower sales for it Pennsylvania writes.
I remembered them when the Department of Education was started under President Carter education work fine fertility years before we even had a Education Department eliminated.
Save the money.
Now let's -- to educate children instead of the federal government indoctrinated them -- Paula came as Washington writes the war on drugs is a prohibition all over again.
Keep sending him to those guys you simple -- to us those talk about this government shutdown and everything else that's on your mind.
Don't forget to include your name in your hometown again.
That's your body and Charles at foxbusiness.com.
Well the rest is experiencing its largest trade deficit in three years wife skyrocketing -- prices are only.
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