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What exactly is going on with the American debt situation?
It's one of those issues that I haven't really paid enough attention to, and now it's like starting the Wire halfway through a series - I have no idea what's happening.
My only point of reference is I think something similar might have happened in a West Wing episode, when Bartlett refused to compromise and shut down the Federal government like a badass, before walking to Capitol Hill and showing the GOP up as a bunch of scumbags. Is this relevant?
Any explanations or relevant links would be much appreciated.