Well, the odds say that the USA will not be going into default, but it also means that the Tea Party Republican fanatics in the US Congress have gotten their way in an infuriating game of political chicken. Now, there will be a horrific slashjob of government services because of a deficit that was resolved during Bill Clinton's administration. What changed was that George W. Bush undid that fiscal prudence with his Iraq invasion he justified with WMD lies and then was idiotic to push for tax cuts for the rich during a time of war.
I also fault President Obama in this considering that people like Bill Clinton were calling on him to invoke the 14th Amendment of the US Constitution to nullify the whole debt ceiling and preempt this artificial immediate crisis. It seems like this guy is so determined to be a conciliator that he refuses to see that his opponents are out for his political blood. For instance, he had the perfect opportunity to bypass Congress to get rid of the US Military's intolerable Don't Ask Don't Tell by simply conceding to the courts' ruling against it, yet he still had the Attorney General continue to fight to keep it.
Now, the US government is going to get eviscerated against the US public's opinions because too many of the privileged in the USA are too greedy and immature to accept that taxes are the price of civilization. I shudder at what inspiration Stephen Harper might take from this debacle and inflict on Canada. After all, when someone like him is so determined to "get tough on crime" when crime rates are going down, he clearly has no use for reality.
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