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!
I don’t think people really understand just how ugly things could get if the election appears, as summer of 2012 ends, to be going against Urkel. A lot of people are at the brink and putting way too much hope into this next election cycle. At least more so than in my lifetime (I’m 57). I expect pretty severe conflict no matter who ends up winning. And I expect it to begin before the election itself.
I think things will be MUCH worse than they are now, and the country will be absolutely on the edge anyway.