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AP Photo/J. Scott Applewhite It’s not quite Oklahoma! or Hamilton , but sometime next week, the curtain is expected to go up on Congress’ “Shutdown Theater” in what is sure to be an opening night to remember.
“Shutdown Theater” should not be confused with “Debt Ceiling Drama,” although both are expected to have strong openings and wide audience disgust as the nation’s actors playing lawmakers will posture and preen in front of the cameras seeking some kind of political advantage.
Why can’t they just call for world peace or an end to racism like other clueless, brain-dead actors?
New York Times: The federal government could run out of cash and start missing payments on things as diverse as Social Security and military pay sometime between Oct. 15 and Nov. 4, according to a new analysis from the Bipartisan Policy Center . That analysis, released on Friday as Congress is debating whether to lift America’s borrowing cap, showed a narrower window during which the United States could default on its debt if the limit on what the United States can borrow is not raised. What makes this a theatrical exercise and not a real-world possibility is that no one is this stupid. No one is dumb enough to actually allow the United States to “default” on its financial obligations to other nations that have been financing our budget deficit for half a century or more.
Right? Republicans and Democrats in Congress have shown no signs of progress at breaking a stalemate over raising or suspending the debt limit — which restricts the government’s ability to borrow money to pay its bills. The congressional dysfunction leaves the United States potentially less than a month away from what economists warn would be a catastrophic economic shock. “New data demonstrate that Congress has only weeks to address the debt limit,” Shai Akabas, director of economic policy at the Bipartisan Policy Center, said in a statement. “If they don’t, the U.S. government risks missing or delaying critical bills that will come due in mid-October that millions of Americans rely on, from military paychecks and retirement benefits to […]
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