Forbes.com: U.S. Debt Ceiling Theater Of The Absurd Now Almost Over

By SIMON CONSTABLE

At last, the debt ceiling debacle looks close to being over at least until the next time.

It’s the worst political theatre possible, and it happens time after time after time.

Yet somehow, much of the media always goes for the most unlikely result. Specifically, the message is simple:

• Failure to raise the U.S. debt ceiling will result in America’s first default ever on its debt — the best debt in the world, apparently — and that event will quickly knock the dollar off its high pedestal and quickly pauperize Americans—end of story. Read more here.

The White House, Public domain, via Wikimedia Commons