Well, we might just avoid default.
We shall do it by passing a terrible law that guys important programs in the middle of a recession. We shall likely make the recession worse.
What I don't understand is how Obama is going to run against these cuts. I think he has to, if he's going to win over the voters who are going to get screwed by this. I also don't understand how we are going to stimulate the economy back into positive growth without federal intervention.
I'm not angry because the GOP "won". I'm angry because sane economic policy lost.
Of course, the House will probably reject it since it doesn't outlaw abortion or require Obama to carry his birth certificate with him at all times, so whatever.
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