Debt-limit crisis? Hardly. It's a protection racket at work.

[LuckyTheDog]

I'd just like to point out that the "debt limit crisis" is a manufactured crisis. The issue of raising the debt limit is tied to deficit reduction only because a few people decided to link the two things. This is what Washington calls "using leverage," and what the rest of us call extortion... as in "nice country you've got here, it'd be a real shame if anything happened to it."

[FiveGoodMen]

1. Yup.

(K&R)

[polichick]

2. imo that's what it looks like. And if the prez didn't want to be a part of it...

...he could have said from the get-go that he'd veto anything that wasn't a clean bill, and then not looked back. Wall Street would have made sure their hired whores did the job.

The most interesting part of all this is the president's willingness to engage in the con.

[AndyTiedye]

3. No He Could Not

If he vetoed, he'd get the blame for the ensuing crash.

[polichick]

4. Pssssst, the puppetmasters on Wall Street would never let the crash happen...

All it would take is the kind of calls Senator Turtle got this week.

[AndyTiedye]

6. Some of the Puppetmasters (and At Least 1 Key Senator) are Shorting Treasuries

It all depends on which Wall Streeters really pull their strings, and what they have invested in.

At least one Senator, Cantor, (and presumably whoever pulls HIS strings) have invested in "Ultrashort"
ETFs, which will pay off big time if there is a default.

[Tesha]

5. "Hey, nice economy you gots der; you shouldn't want anyting to happen to it now, would you?" (NT)

[treestar]

7. those few people are called House Republicans

They are not few enough.