The “debt ceiling” is a manufactured crisis, created as a command and control base from which the Democans and Republicrats can launch their fear-mongering and partisan tripe. What a bunch of losers.
Here’s the real story:
The Fed has been inflating away the deficit for years, robbing you of purchasing power. The whole debt ceiling debacle is just an excuse for them to make you feel like they’re working hard in your behalf, when in reality, they’re going to do what they’ve been doing for years: carving out loopholes and bailouts for the rich and powerful (banks, MIC, and big corporations) and prostituting themselves for campaign contributions.