We Hit the Debt Ceiling Months Ago. Nobody Cared.
Economy • October 2013 • Views: 654
I only mention this to illustrate how far things have degenerated. Nobody even cares about actually breaching the debt ceiling anymore. We did that months ago, and it was just a date on the calendar. It’s only when the Treasury has exhausted its ability to rob Peter to pay Paul, with all the attendant chaos this produces, that we’ve “really” hit the debt ceiling. Welcome to the new normal, courtesy of the Republican Party.