Congress has lost its mind...

[gvidas]

This whole debt ceiling debate is asinine brinksmanship. If (when?) they fuck this one up, it's going to end up costing us way, way more. And, naturally, there has been approximately zero discussion of the role military spending plays in the whole situation.

Nate Silver breaks it down: GOP's no-tax stance is outside political mainstream

The average Republican voter, based on this data, wants a mix of 26 percent tax increases to 74 percent spending cuts. The average independent voter prefers a 34-to-66 mix, while the average Democratic voter wants a 46-to-54 mix:
[...]
Now consider the positions of the respective parties to the negotiation. One framework that President Obama has offered, which would reduce the debt by a reported $2 trillion, contains a mix of about 17 percent tax increases to 83 percent spending cuts. Another framework, which would aim for twice the debt reduction, has been variously reported as offering a 20-to-80 or 25-to-75 mix.

With the important caveat that the accounting on both the spending and tax sides can get tricky, this seems like an awfully good deal for Republicans. Much to the chagrin of many Democrats, the mix of spending cuts and tax increases that Mr. Obama is offering is quite close to, or perhaps even a little to the right of, what the average Republican voter wants, let alone the average American.

He goes on to point out that, if the average Republican voter wants to solve the problem with 26-74% split of tax increases to spending cuts, and the average Democrat wants 46-54%, there's more disparity between Republican voters and Republican politicians, who're refusing to settle for anything less than 0% tax increase / 100% spending cuts (26% difference) than between Republican voters and Democrat voters (20% difference.)

Fareed Zakaria put it nicely the other day on Fresh Air. Paraphrasing, this is a financial problem being debated in ideological, almost fanatical terms. In religion, there are absolutes that it is very hard to find a middle ground between: how do you find a fair compromise between Christianity and Islam?

But this is economics, numbers. You can split the difference.