- We've missed debt ceilings before
- Game of chicken
- Republicans won't cut as much as they're saying
- Serious proposal to balance budget only got 7 Republican votes
- Obama's budget didn't get a vote in the Senate
- Politicians afraid of losing votes, so they do nothing
- Risk to the economy? Yes and No.
- Watch the bond market
Debt Ceiling Vote a “Political Sideshow”, Mish Says: Real Issue Is “Govt. Spending Run Amok”
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