More theater. The debt ceiling will be raised, like it always has, despite GOP petulance. The problem is not that it will be raised--the problem is that Congress will be successful in raising it--and it's a goal both sides of the aisle desire. So the solution to a bulging debt problem is to take on more debt. Genius.
http://www.zerohedge.com/article/debt-ceiling-talks-collapse
Thursday, June 23, 2011
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