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Breaking the debt deadlock

July 12, 2011 1:12:00 PM PDT
The childish debt crisis stalemate in Washington makes me think about how my parents handled disputes between my brother and me.

They would tell us to go into our room (we shared one until I left for college) and try to work it out. If that didn't work, then they made a command decision.

But how do you get a command decision when the squabble is between the President and the (opposing party's) leaders in Congress? The President's insistence on not cutting entitlements and the Republicans insistence on no tax increases is about to send the country into its first-ever default. The deadline is Aug. 2.

The sanest voice today was from New York Mayor Bloomberg, who didn't get to be a billionaire 18 or so times over by being dogmatic. His pragmatic advice: Stop the bickering and don't even think of letting this country go into default. Bad for business, bad for the economy, and these other issues can be resolved without holding a gun to the nation's collective head.

We'll have the latest on the debt crisis at 11.

Also at 11, we're in Brooklyn where an 8-year-old boy on his way home from an Orthodox Jewish day camp simply disappeared yesterday. There's now a $100,000 reward for his safe return - but the truth is cops in Borough Park have no idea how this boy just vanished, and no idea if he's lost or if there's foul play involved.

We'll also have any breaking news of the night, plus Meteorologist Lee Goldberg's AccuWeather forecast - and how long this heat will last - and Rob Powers with the night's sports. I hope you can join Sade Baderinwa and me, tonight at 11.


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