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"October is a fine and dangerous season in America"

Happy Political Clusterf*ck Day (U.S.)! In one corner: the first federal government shutdown since 1996, born of the House GOP/Tea Party faction's crusade to delay, defund, and destroy Obamacare (and the Democratic Senate and President's resolve to not do that). "Continuing resolutions" have ping-ponged between the two houses, fighting over language to cancel healthcare reform (plus a few other items, such as the implementation of Mitt Romney's entire economic agenda). National parks are closed, contractors are hamstrung, and 800,000 federal workers furloughed until Speaker Boehner drops the "Hastert Rule" and passes a bill the other branches can agree to. In the other corner, heedless of the chaos (though not without glitches of its own): the official rollout of the Affordable Care Act and its state insurance exchanges. The portal at Healthcare.gov is your one-stop shop for browsing, comparing, and purchasing standardized, regulated insurance coverage with premium rebates, guaranteed coverage, and expanded Medicaid for the poor (in some states). A crazy day, overall -- but peanuts compared to what might happen if the debt ceiling is breached in 16 days. [more inside]
posted by Rhaomi on Oct 1, 2013 - 2207 comments

Platinum coin idea preemptively shut down

The Treasury Department will not mint a trillion-dollar platinum coin to get around the debt ceiling. If they did, the Federal Reserve would not accept it.
posted by bookman117 on Jan 12, 2013 - 144 comments

Coin of the Realm

An idea to mint a trillion dollar coin is seriously proposed as a desperate legal maneuver against allowing the US government to go into default. [more inside]
posted by Brian B. on Jan 4, 2013 - 151 comments

Did Obama get what he wanted?

With the conclusion of the debt ceiling debate ending in another defeat for liberals, the emerging narrative is that Obama is weak, a poor negotiator who was out-maneuvered by Republicans and forced into the agreement because of strategic errors. But Glenn Greenwald tells a different story: [more inside]
posted by AlsoMike on Aug 5, 2011 - 241 comments

Worst. Congress. Ever.

Worst. Congress. Ever. "With the debt ceiling impasse and legislative gridlock sucking all the air out of Washington, Foreign Policy asked the experts: Is this really the worst Congress ever?"
posted by homunculus on Jul 29, 2011 - 85 comments

Endgame

The talks between President Obama and House Speaker John Boehner "collapsed" Friday with little more than a week to go before the United States may effectively default on its debt. The two parties have been in ongoing negotiations for months over GOP refusal to raise the legal limit on national debt unless tied to a significant package of spending cuts - with some members and activists opposed to any increase whatsoever [more inside]
posted by crayz on Jul 24, 2011 - 3228 comments

Compromise this.

The US Debt envisioned in hundred-dollar bills.
posted by Phire on Jul 21, 2011 - 90 comments

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