A Gamble Where You Bet Your Country’s Good Name

America’s Debt:  Shame on them, the Economist July 9, 2011

“The Republicans are playing a cynical political game with hugely high economic stakes.  In three weeks, if there is no political deal, the American government will go into default.”  (In one week from the writing of this blog, August 2, 2011.)

The House of Representatives, under Republican control as a result of last November’s mid-term elections, has balked at passing the necessary bill.  …Until they (the Republicans) started to play hardball in this way, Mr. Obama had been …repeatedly failing in his budgets to offer any path to a sustainable deficit…(now) has been forced to rethink.”

This is: “A Gamble Where You Bet Your Country’s Good Name”

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