The Debt Sealing Stand Off Is Complacing Borrowing Already on the Books

The debt sealing stand off will do nothing to change whether the money is owed. It 'll only determine whether america makes good on its debt. The average voter has no idea that the debt sealing is just performance art, not an actual tool for containing the debt. Right now, bond yields are exceptionally low, which means that markets don't consider the debt sealing a serious threat. That's a dangerous thing.