America leadership debacle over debt has damage instead of default in the aftermath. 12:24 AM Posted by Donny Wise - EMPOWER4U The political leadership use of default in the negotiations to find compromise on increasing America's debt ceiling was the worst case scenario in becoming a reality in lieu of stalemate in political negotiations. The resolve did come at the last moment to avoid default on American debt, but the resolution did avoid default but damage to the American economy was extensive and grave to the public witness in America and overseas that a debt limit increase almost led to a default. The political capability to make the entitlement and taxation changes to restore fiscal balance to America's finances has a zero chance in Congress before default does happen in the United States. The posturing of ideology is a higher priority than the survival of the American Republic as the drug of power brings delusions of grandeur and omnipotence when humans … [Read more...]
