This is what U.S. federal debt looks like in physical dollars (and bear in mind that today’s debt has grown to more than $17 tirllion). Image by demonocracy.info
And here I was just starting to get my government shutdown groove on.
I mean, without the thrill of waking up every morning to the debt default doomsday machine ticking down to the brink of economic catastrophe, life honestly seems a bit mundane. At least Congress didn’t go too nuts and actually resolve the issue; they just went ahead and did what any rational group of people do when confronted with a difficult situation: they put it off for another day — you know, kicked the can down the road. Anyone smell a sequel? (And yes, I’ve already reserved front row tickets for Round 2 in January. I hear it’s gonna be awesome. My sources tell me that before the final death match, John Boehner reveals himself as President Obama’s real father).
But seriously … With the stroke of a pen, the government sputtered back to life last Thursday morning after Obama and Congress ended a 16-day political standoff that had left large swaths of the federal government shuttered and put the U.S. at risk of losing it’s ability to borrow money. The compromise allows federal agencies to resume operations, reopen public facilities and abruptly end the unpaid staycations of hundreds of thousands of furloughed employees. Continue reading