Originally Posted by kane

It could happen. Both parties could decide not to blink and we may find out what happens when we default. I just think if it got to that at the last second Obama would step in and do something. Supposedly there are some executive powers he could use to force a debt cap limit of some sort, but if he uses them it would cause a lot of controversy. I think worse case scenario is that they pass a temporary lift and revisit this next year. The republicans desperately want that because they want this to be an issue during the election and the democrats, obviously, don't.