Originally Posted by FD
Failing to raise the debt ceiling wouldn't cause a government shutdown, at least not how we traditionally use that term. It would cause a catastrophic default and massive recession. While most Republicans in the House do seem to find this option acceptable, there is no way Boehner does. In the end, I think he will blink.
We're already in a recession bub. Actually, make that a Depression. But if these got worse, which they may anyway, that's just the correction that is needed. Then we start over again.