The biggest irony is this fight about the debt fight only did one thing: it increased the debt.
The current estimate for economic damages is at $24 billion. The taxes alone lost on that amount is by the most conservative estimate are $2 billion. That means that now $2 billion more must be borrowed.
China and the rest of the world didn't like the uncertainty and that pushed up the interest rate on the T-notes by 0.01%
That could cost the U.S. another $2 million on top of the usual borrowing costs (in the neighborhood of $15 million).
Actually that number is higher because that higher interest rate applied to all of the short term debt the U.S. carries that matures this week and next.
I'm still waiting for a bright lawyer to realize that all the workers across the Federal government also have a legal right to interest payments. The law is pretty clear.
So, do you have any more great ideas, Mr. Cruz?
The most likely scenario is the OWC (old, white, crazy) wing of the tea party will join forces with the Tang and Tuna and TV libertarians and fade into history along with the Whigs, the Federalists, and the Independence League.
The moderate majorities from the center left and center right will join up and seek radical policies such as a stable economy, rule of law, privacy, and a functioning government. The GOP name may likely be so damaged by then that they will have to rebrand.
That is when the Democrats may have something to worry about.
More importantly, good Dame Maggie would have cut Boehner and Cruz off at the stump some time back and this whole mad caper would have just been a sweet-tea fantasy in the backroom at the Tortilla Coast.
Actually, it kind of was anyway - and we get one more round before the midterm elections.
Well done, folks! Maybe you can get Romney to run for something, too.
This also showed why we need more women in politics.
In the words of that arch-conservative, Margaret Thatcher:
"If you want something said, ask a man. If you want something done, ask a woman."
Well done to the moderate women of the Senate!
Obamacare is the law and it will rise or fall on its own merits. From here it looks like the House had 42 chances to pass any bill that might improve the health care law and decided 42 times to make TV ads for their own re-election campaigns instead.
Every member of the House should face primary challengers every election - and from both the left and the right. Why should someone be re-elected who can't explain their views in a primary?
It might also teach them to grow a pair when a real vote comes up and to quit getting the vapors whenever a PAC waves its wallet.
As much as I personally might enjoy the Cruz-ification of the Republican Party the country has plenty of real problems that need attention.
If Issa wants to continue the self-beatings by bullying the Park Service rangers the results will be just as easy to predict.
The country has 99 problems and this week fixed none.
You just have to look at this week's conviction of Goldman Sach's Fabrice Tourre to see it really was not the Bush administration's fault.
The Bush administration was just the poodle of the financial and oil industries.
The traders who cooked up the mortgage crisis needed the government to look the other way while they made a little money wrecking the world economy.
The conviction proves that while you can fool all of the muppets some of the time, some of the muppets have lawyers.
The Bush administration wasn't responsible. They were just the hired help.
I've been struck this week how often the justification "the police find this useful" and "every country does this" have been rolled out recently.
Somehow it seemed less surprising than it should be that the Post Office has forgotten it was hired to deliver the mail, not scan, index, and archive everyone's correspondence.
I am suddenly understanding why the Post Office is over budget. Perhaps if they shut down massive government data operations and hired a few more counter clerks those numbers might start to even out.
Happy Fourth (but not Fourth Amendment) everybody!
Though with folks like our Paula Deen and Maxi, we can be quite sure this generation has plenty of sins on its own.
It's always good to have a dream, dear.