The myopic partisan brinksmanship that is the predominant pursuit of Congress these days reached a seeming impasse last week over a critical vote to raise the federal debt limit before our elected elites did what they do best: kick the can down the road.
Senate Minority Leader Mitch McConnell, R-Ky., offered the Democrats, who hold the slimmest possible majority in the 100-seat Senate, an “off-ramp" ahead of an Oct. 18 deadline for Congress to increase the government's $28.5 trillion line of credit. The Democrats lunged at the offer with the desperation of a drowning person groping for a floatation device.
Without such a delay, the nation was on course to default on its debts for the first time one week from today. That would have left the government unable to fund its operations or pay its bills, potentially plunging the planet into a financial catastrophe....