Yes, this is getting completely ridiculous – until a Palin-Trump ticket emerges, and we all take a Xanax and watch a Real Housewives marathon, while obsessively playing Angry Birds just to keep reality at bay (hey, it works for me). Meanwhile, buried in the blogosphere, the House has just voted 387 – 19 not to raise the debt ceiling. Yes, it was a symbolic vote. But the danger is real:
“The people who are more politically savvy realize this may not be the normal brinkmanship,” said Senator Mark Warner, Democrat of Virginia. Nor, he added, is this standoff like the fight a few months ago over the current year’s spending, which ended with a late-night deal shortly before the government would have shut down.
“The thing that people are missing is that in shutting down the government you can go to the 11th-and-a-half hour, and the consequences of not doing it, while significant, are not economy-threatening,” Mr. Warner said. “You can’t go to the 11th-and-a-half hour on the debt limit. You don’t know what’s going to spook the bond markets.”