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Look, I think the worst case scenario is obvious. I think first of all it doesn't work for very long. It's an unstable government that raises taxes and destroys the image we're building for Canada as a strong place to invest.

I think there is a shared sense of urgency in Washington on fiscal issues.

Now the proposal is yet again another $150 billion before we start to think about a freeze. But $150 billion spent on more government programs; monies being created to direct and what kind of jobs that Washington thinks ought to be created. Come on. I mean there is a government that can help, and the government can also hurt.

And, frankly, what happens out of Washington is, it creates a wind in my face, uncertainty over Obamacare, uncertainty over their tax policy, uncertainty over the regulatory policy.

Here's the perversity of Wall Street's psychology: The more Wall Street is convinced that Washington will act rationally and raise the debt ceiling, most likely at the 11th hour, the less pressure there will be on lawmakers to reach an agreement. That will make it more likely a deal isn't reached.

Only in Washington does a decrease in the proposed increase equal a spending cut.

There is so much uncertainty out there, and the government in Washington doesn't seem to get it. What's needed is a new business environment.

I talked to a lot of employers who just are, are fearful of what's coming next out of Washington. It's all the spending, it's all the debt. It's their national energy tax, they want to call it cap and trade - more mandates, higher costs, more taxes. Their healthcare bill - more mandates, higher costs, higher taxes.

Stimulus spending, permanent bailouts, government takeovers, and federal mandates have all failed our nation. America's employers are afraid to invest in an economy racked with uncertainty over what Washington's next set of rules, regulations, mandates, and tax hikes will look like.