The Democrats greatest fear is that August 3rd comes without a debt ceiling deal, and the sky doesn't fall.
Ruling class Republicans now echo the canard that if we run out of borrowing capacity we will be "in uncharted territory." Nonsense! Out here in Realityville tens of millions of us have explored that territory, and we know that what you do in that territory is cut your spending until it is less than your income.
Only for the Washingtonian Ruling Class is that uncharted territory.
Posted by larry_naselli
at 3:38 PM CDT
