Here’s the thing that bothers me…yes, we’re about to default, and yes, we would lose our AAA rating, etc etc financial Armageddon. \u00a0But there are people saying “don’t panic, at the last possible moment Wall Street will lean on the GOP and they’ll raise the debt ceiling in time.”<\/p>\n
Does it not bother anyone else that we’re essentially counting on<\/em> one party being completely in the pocket of Big Money? \u00a0Or that the AAA rating we’re sweating is bestowed by the same agencies that shat the bed during the mortgage-backed-securities meltdown? And that said agencies, who failed to cover themselves in glory these past several years, are now in a position to use that rating as leverage to make their own policy preferences the key to avoiding downgrade or default?<\/p>\n Nothing makes me angrier than the way the Republican party and its amen corner in the press make me feel like some sort of screaming bald-ponytailed Chomsky-Nader bong-watered granola shaver. \u00a0But when the press is trapped in the golden mean fallacy while the Confederates keep pushing the envelope, you can wind up a raging leftist hippie without ever taking a step…<\/p>\n","protected":false},"excerpt":{"rendered":" Here’s the thing that bothers me…yes, we’re about to default, and yes, we would lose our AAA rating, etc etc financial Armageddon. \u00a0But there are people saying “don’t panic, at the last possible moment Wall Street will lean on the GOP and they’ll raise the debt ceiling in time.” Does it not bother anyone else … <\/p>\n