Well, I was hoping we wouldn’t get this far, but here we are.
For those of you that recall my last article on the debt ceiling crisis, I said that my last article would be titled either “Tango Down: US Debt Ceiling Crisis Averted” or “Grab Your Ankles: US Defaults on National Debt”.
Based on my title, I’m sure you can figure out which way I’m leaning on this one.
Since my last article, we’ve watched negotiations between the Vice President and Congress collapse, the President and Congress collapse, and Congress and Congress collapse. What makes that last part worse is that it’s not like it’s failed once. No, it’s worse than that. The House can’t agree with the Senate. House Republicans can’t agree with Senate Republicans. Democrats can’t agree with Republicans. And the House Republicans can’t agree with each other. Continue reading