The Debt Ceiling Crisis is Over. Sorta-Kinda


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HouseOfTurdsAs we began taping this show, news about the end of the long standoff in Washington that had partially shut down the government and had (or has) us on the brink of defaulting on our debt was this: House Speaker John Boehner (R-Ohio) was prepared to accept the Senate deal to end the fiscal standoff, less than 24 hours before the economic Armageddon clock struck midnight and we all turned into bit players in a Dickensian pageant begging for crumbs that fall from the table of the Koch Brothers, who largely funded the Tea Party Terrorists like Ted Cruz with money and talking points. 
What is that, your not elated, your not alone. Jonathan Chait, writing in the New Yorker notes: “Consumer confidence has plunged and the government shutdown has thrown sand in the gears of the recovery. Ending the crisis puts one in the mind of Pulp Fiction’s Marcellus Wallace after being liberated from rapist kidnappers.

Lincoln Mitchell of the Harriman Institute clarified why the shutdown and debt ceiling crisis in Washington could be so bad for rest of the world, writing “The failure of the U.S. to be able to perform some of the most basic tasks of governance was not likely to escape the notice of American allies, rivals and enemies. More troublingly, the possibility that the U.S. will default on its debt has caused more serious concern as that could lead to dramatic economic problems across the globe.”

Mitchell’s argument ignores the fact that the status quo already inflicts massive economic problems from Detroit to Dhaka and benefits a small Cadre of thieves who have hijacked our government.

Stories covered on today’s show:
Bangladesh Garment Factory Workers Detain Boss Until He Pays Bonus http://bit.ly/1aJ6kQ3
Iowa University Crowns Transgender Homecoming Queen
http://bit.ly/16OhaFi
Stop Fretting: The Debt-Ceiling Crisis Is Over!http://nym.ag/H3FWa8