Debt-ceiling chicken and the end of empire
"These gigantic spending programs are the IED down the road for every Western nation. An aging society means the costs of these programs are set to explode. Yet, both sides in Washington cling to the magical belief that all will be well if only we adopt their simple-minded solutions. Repeal tax cuts for the rich? By all means! That would raise $700-billion over the next nine years. Unfortunately, the projected deficit over the same period is $10-trillion."