5 Fun Facts About the Fight Over the Debt Ceiling

By Joshua Holland, AlterNet
Posted on April 24, 2011, Printed on April 27, 2011

One thing on which virtually everyone agrees – Democrats, Republicans and experts from across the political spectrum – is that not raising the debt ceiling will lead to economic catastrophe. It would send shockwaves across the financial system, undermine confidence in the dollar as the world's reserve currency and reverse our fragile “recovery,” resulting in an extraordinarily painful double-dip recession.

That lawmakers who ostensibly receive a paycheck to govern this country are threatening to bring that dire reality about may be a sign that our political discourse has achieved Peak Crazy.