As the Republican-led government shutdown continues, the approaching debt limit and a possible debt default continues to grow larger on the horizon.
With the government shutdown plan pitched by Senators Marco Rubio, Ted Cruz, and Mike Lee looking less and less likely; the GOP-led House is preparing to threaten to crash the U.S. economy if President Barack Obama and Senate Democrats don’t acquiesce to Republican policy demands.
While the possibility of a government shutdown still remain high due to Congressional dysfunction, a more important showdown still looms large over Capitol Hill, the debt limit.
The plan originally hatched by Florida Senator Marco Rubio, Texas Senator Ted Cruz, and Utah Senator Mike Lee to either shutdown the government or default on the debt limit if the Affordable Care Act isn’t defunded is fracturing the Republican Party ahead of key fiscal deadlines.
The plan first pitched by Florida Senator Marco Rubio to shutdown the government or default on the national debt if the Affordable Care Act isn’t defunded has opened up a schism among Senator Rubio’s own party.
As Washington continues to head for a proverbial brick wall with government funding and the debt default, a schism in the Republican Party could be the key to keeping both the federal government in business and the nation from avoiding a debt default.
As Republicans in Congress prepare for a major fight with Senate Democrats and President Barack Obama over the economic future of the country; the eurozone is painting a very dark picture of what could lie ahead if America takes the wrong path.