What amazes me, is that normal people are getting upset.
"I can't believe they're politicizing this issue..."
THAT'S WHAT THEY DO. That's all this is! It's a political battle - highlighting the useless partisan blinders to obscure the actual truth. We Broke!
And it's broke, it's time to roll up the sleeves and fix it. It's not going to be easy, and given our current attitude of entitlements and leaders who are more interested in their own interests -- we're exactly what I said 2 years ago. We're Greece.
And one last parting shot -- the Congress reflects exactly who put them there. The people who are walking away from underwater mortgages, who floated home equity loans based on inflated price assumptions to purchase stuff on credit to fill into those houses. Sounds similar, like the US debt situation, doesn't it?