July 22 is the practical deadline for figuring out the debt-ceiling crisis and doing something to fix it. Otherwise, on August 2 the US government will start defaulting on its bills.
Now, you pay your bills. And I pay my bills. It's what we're supposed to do, as citizens in good standing of a vibrant modern economy.
But Republican moron-acrats in Congress are willing to let our nation's — MY nation's — bills go unpaid, while sacrificing the world's best credit rating and threatening more disembowling of retirement portfolios (Wall St. meltdown ahead), just so they can loudly kiss the ass of a minority electorate that flunked 8th-grade civics.
Yeah, I'm real pleased with (1) government, (2) elected officials, (3) Democrats and Republicans. Republicans because they're sick bastards. Democrats because they're "reasonable." Dear White House: stop trying to win the opposition over. They're ambulatory but technically insane; accept it.