Guest editorial by Evan Kutner of distributorcap NY
It took 30 years and 204 days, but on Tuesday August 2, 2011 the fruits of the Reagan Tree of Life will finally have reached its peak when the over-ripened, low-hanging, worm-filled Reagapples will begin to pound the ground, not with sweetened blossoms, but with a dead thud. 30 years and 204 days of belittling and ignoring the American education system, calling ketchup a vegetable, telling us trees cause pollution, cutting taxes to create trickled-down imaginary jobs (OK there are a few more maids and gardeners) and teaching Americans that they could have everything they want and it will cost nothing - the Teadras educated Republican party is willing to take the ultimate bet and tell the piper (or croupier) this time to shove it.
The US Congress has spent the better part of the past month arguing over whether the credit limit on the Visa card should be raised in order to pay their bills --- bills they have committed and signed to pay. If this game of cold-war brinkmanship wasn't so dangerous on so many levels --- it would actually be comical to watch. Watching the children of the right storm out of meetings (Eric Cantor --- who probably has the distinction of having had the most spit balls thrown at him during 7th grade lunch) and then say no, no, no as the opposition capitulates to nearly every one of their demands is nothing short of having MacBeth playing in a Kabuki Theater.
The 80 or so teabaggers, who sandbagged their way into Congress last November promising to stop those eternal welfare queens from driving Cadillacs and finally ridding the country of the leeches who live off their hard-earned (over) taxed dollars, are about to allow the real grand experiment to go forward --- let the US default on its payments for the first time in history --- and default by choice. You know the world's strongest economy is going to look like it is managed even worse than Greece...