Yves Smith’s interview on The Real News Network, is a cogent description of what is wring here, and makes reference to that classic scenes from Mel Brooks’ masterpiece, Blazing Saddles.

It’s 8 minutes and 27 seconds well spent.

Her thesis, and it is one that I support, is that the “Debt Ceiling Crisis” is largely an artifact of the Obama administration’s desire to gut cut Social Security, Medicare, and Medicaid.

It’s screw granny theater.