If you’ve been paying attention to the news in any form, you know that Debtageddon is on the horizon. What’s Debtageddon? It’s the day we hit our debt ceiling, the day we can no longer borrow money as a country and coincidentally the day before my birthday.
Tonight the House of Representatives were unable to pass a vote to raise the debt ceiling. The deadline before we hit true crisis mode is August 3rd. After that, no one knows just how badly our economy will be affected. Michelle Bachman thinks everything will be fine, while economists everywhere else are sounding the alarm.
- My birthday will be followed by the absolute financial crash of America and we will remember it as the day before the end.
- Or, if you’re an optimist, all that will happen but we will remember it as the day we no longer gave a damn and had one hell of a party!
- Unlikely option, they agree to raise the debt ceiling and August 3rd is uneventful.
Whatever happens, the following clip from the West Wing illustrates what is going on.
It’s scary how many times I have been able to look back at this show and go, oh yeah, that exact thing is happening right now. I have a conspiracy theory that, in an effort to stay relevant a decade after his show would be canceled, Aaron Sorkin traveled to the future. There (here) he ripped headlines from Reuters and brought them back to 1999.
Or perhaps the West Wing is so accurate because it has happened 74 times before…
- Obama Plays Hardball with Debt Ceiling Crisis
- Will the Boehner debt ceiling plan pass? Take the poll
- Why Didn’t Democrats Raise The Debt Ceiling Last December?
- House GOP Leaks Story Of Debt Ceiling Motivational Tool: Ben Affleck’s The Town
- Obama could cite 14th Amendment powers to tackle debt limit