What If

The GOP has lost its mind, once again. This entire Tea Party wing of the GOP intractable nonsense is completely reminiscent of the Bush era neoconservative wing of the GOP intractable nonsense. Just look where the latter has landed us - essentially where we are now!

In the center of these negotiations are people that I quite literally despise - Cantor?! Cantor is a pretentious little prick, its simple common knowledge. I look forward to his political demise.

CS Monitor: If debt ceiling talks yield no deal, how bad for US economy?

The US economy could plunge into a new recession as the massive daily spending of the federal government grinds to a partial halt. The stock and bond markets would be sent reeling. Interest rates would jump upward, not just for US Treasury bonds but also for other debts such as mortgages and auto loans.


"The spending contraction, if sustained, would send the economy back into recession."


Having no deal in place "would no doubt have a very adverse effect very quickly on the recovery. I'm quite certain of that," Federal Reserve Chairman Ben Bernanke said recently.