Debt Ceiling Deal Smells Like A Subprime Loan

Today's topic at my blog "Resurgence" on BigThink.com:

Debt Ceiling Deal Smells Like A Subprime Loan


With the nerve wracking threat of a default by America on its outstanding debt being broadcast on all the news channels practically twenty four hours a day, I am reading a lot of chatter on the web by progressive Democrats who are insisting that President Obama suddenly morph into Samuel L. Jackson and start kicking ass and taking names. Conversations at the more extremist conservative websites I’ve come across often veer off into John Wayne territory, with calls by staunch Tea Party supporters for the GOP congressional leadership to simply reject any compromise proposals and stand their ground. Neither one of these groups should be wasting their time on the charade of this artificial debacle, because the fix has been in for some time.