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Saturday, July 23, 2011
Debt Ceiling Fundamentals and Fulminations
It's been pretty clear from the beginning that the Republicans in the House couldn't muster the numbers for any Big Deal that wasn't insane and that the Democrats couldn't muster the numbers for any Big Deal even remotely insane enough to satisfy them and that Wall Street wouldn't let any form of insanity impacting their bottom line (like not raising the debt ceiling) happen. And so, the debt-ceiling crisis has always really been the crisis of the insanity of the Republican's unmanageably crazy and ignorant caucus. All the trial balloons and public signals and unattributed quotes and close readings of press events that have been exercising the attention of Villagers and bloggers have mostly been hysterical spastic and yet also herdlike behavior, probably functioning most of all to provide cover for something like McConnell's effort to work out some kind of escape clause via abdication of congressional responsibility at a time when congress is full of Republican crazytown stoopid. As usual, the President's efforts to work his way to the best political position for 2012 managed to convince the idiots of the left that he is secretly eeeevil without dislodging the article of faith among the idiots of the right that he is secretly eeeevil as well, and yet he still managed pretty close to the best case given how idiotic everybody is. The level of GOP crazy and stoopid suffusing congress since the mid-terms really is so high (I warned you) that getting the numbers for even the most modest face-saving minimally sane solution through (we haven't even gotten to filibusters yet, mind you) is far from an easy thing, but I have every confidence the least possible but adequate substance coupled to the highest possible but disgusting hysteria will indeed pass just in time to keep the ugly robotic deadly minuet cranking along.