HUFFINGTONPOST / AP: … A spokesman said Senate Majority Leader Harry Reid could unveil the measure as early as Tuesday, setting the table for a test vote later in the week. The measure is expected to provide enough borrowing room to last beyond next year’s election, which means it likely will permit $1 trillion or more in new borrowing above the current $16.7 trillion debt ceiling that the administration says will be hit on Oct. 17…
Until recently, debt limit increases have not been the target of filibusters; the first in memory came four years ago, when Democrats controlled the Senate with a filibuster-proof 60 votes…
Some Republicans seemed wary of participating in a filibuster that could rattle the stock and bond markets.… (more)
EDITOR: We may be on the glide path to political civil war and national and worldwide depression.
Let us look at the up side.
1) We will live within our means.
2) Many of us have been in a economic depression since 2008, it’s about time the rich joined us.
3) As a Senator Mr. Obama railed against raising the debt limit. It’s about time he acted like a man and stood by his principles.