The last time they did it,

in 2011, it cost the US billions of dollars as our credit rating was lowered, and the stock market lost over 12%. Most political pundits claim the Pubs won't do it again, cuz it would be suicidal and damage an already weak economic recovery. We're talking about raising the debt limit, to pay for bills ALREADY APPROVED by Congress. But, Boehner and the Pubs have a plan...

"I've made it clear that we're not going to increase the debt limit without cuts and reforms that are greater than the increase in the debt limit," he said at a Boise fundraiser for Rep. Mike Simpson (R-Idaho), according to the Idaho Statesman. "The president doesn't think this is fair, thinks I'm being difficult to deal with. But I'll say this: It may be unfair but what I'm trying to do here is to leverage the political process to produce more change than what it would produce if left to its own devices. We're going to have a whale of a fight."
Said Boehner, "I wish I could tell you it was going to be pretty and polite, and it would all be finished a month before we'd ever get to the debt ceiling. Sorry, it just doesn't work that way."

OK, we've been warned. Whoever said these jerks were logical or had the best interests of the country as a goal? It's just about being re-elected by their Tea Party constituency. It's gonna be ugly as they take us all down with them. As I've said many times, I really don't like the Dems, but when you look at the alternative, they are the best of the worst.

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