posted on Oct, 8 2013 @ 09:16 AM
The reason the "debt ceiling" is a dog and pony show is that it has only recently even been a talking point. Politicians like that most people
don't understand what the debt ceiling is. Neither side is stupid enough to allow the U.S. to default and this is a very good thing. The gamesmanship
up to now is pathetic, but that is what this version of Congress has become. Pathetic.
With the current shutdown, it is only people trying to file ssi claims, or businesses who have government contracts who are hurting. As "essential"
personnel, I'll get paid eventually. If the Senate follows the House vote, my colleagues at home will get paid eventually as well.
As for the debt ceiling, I think the impact of a U.S. default would not only have an effect in the U.S. It would be worldwide. Who knows, though?
It's never happened. I sure hope it doesn't happen this time, and I don't believe it will.