If the economy goes down, people will suffer. But don’t be so sure Republicans will. Why? Because if Republicans block an increase in the debt ceiling, then the debt hysteria they have so adroitly manufactured since President Obama took office will become objectively, albeit perversely, real.
One would hope that the leaders steering our ship of state would shape solutions to meet our problems (e.g. recession and rampant unemployment). But if America defaults, we will indeed have a deficit problem, and Republicans will have pulled off the remarkable feat of molding reality to fit their worldview. Read more
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