Debt Ceiling Deadline Drawing Near

From Crooks and Liars
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GOP Demands Adoption of Ryan Budget as Debt Ceiling Ransom

As has been thoroughly documented, until 2011 no political party had both the votes and the intent to block an increase in the U.S. debt ceiling, thereby triggering both a U.S. default and a global economic catastrophe. Now, despite plummeting annual federal budget deficits, a stabilization of the debt as a percentage of the U.S. economy and his own admission that default would produce "a financial disaster, not only for our country but for the worldwide economy," Speaker John Boehner and his House GOP allies are once again planning to hold the once-routine debt ceiling increase hostage. Their price this time? Enacting large parts of the Ryan GOP budget repeatedly rejected by the Senate, the President--and the voters