[concerned about politics]

I sincerely do not think it matters what they do. It’s too late.

I agree. The only thing that will save us from the coming crash is a 40% cut in government spending - now. It's not going to happen. We're preparing, and still preparing as we go.
I'd just like to see us represented at least once before the fall. Just once!

[RobRoy]

>>I agree. The only thing that will save us from the coming crash is a 40% cut in government spending - now. It’s not going to happen. <<

Therein lies the problem. It is one of those “damned if you do, damned if you don’t” sort of things. If they do what is really necessary, the people would come unglued in a way that the Greece riots would look like a family picnic. The people will not let them do what they must do, so they continue to argue and debate issues that really won’t matter - like a family hopelessly in debt arguing endlessly over whether they sould pare down the Netflix account to one movie at a time instead of three.

[Errant]

I'm with you guys. Maintain the ceiling, cut spending by 40% - 50% and negotiate new terms with our creditors/bond holders is our only chance to recover from this without a reset.

Increasing the ceiling may only buy us a few months of stability at best. Obama, even now, could be making making plans to ignore the debt ceiling and both houses. Who's gonna stop him?

Prepare indeed!