The fast approaching Congressional Debt Ceiling deadline is playing out as a slow motion train wreck, one that has perhaps a fair chance of becoming a full blown economic train wreck.
While there is blame on both political parties, I am again aghast at the current methods of the Republican Party I spent 30 years within.
Using the debt ceiling increase as a political hostage is profoundly irresponsible. While Republicans control only one House of Congress, they demand they be able to completely dictate the conditions of the debate. Ordinarily you need a voting majority to do this. By holding this debt vote hostage, they seek to extort their desires instead of winning them in a vote. One Republican Senator, Rand Paul of Kentucky, has threatened to filibuster any vote to raise the ceiling so it will fail.