Introduction

The federal debt is expected to hit 101 % of gross domestic product this year. The country now owes more than its yearly economic output. In the end, congress will do the right thing but there are terms tossed around that should never ever be in the same paragraph. This episode is not a budget scolding, not chiefly at least. It's specifically about fighting over the dead ceiling, which has nothing to do with being responsible on ding and makes as much intellectual sense as a self administered wedge.