I have a warped sense of humor and to me it's funny that we're going to hit the new debt ceiling at the same time we are going to hit the fiscal cliff. Remember, the fiscal cliff was the deal to reduce the deficit we made in response for hitting the LAST debt ceiling a year and a half ago.
I can't wait to see what phony promises we are going to make to raise this current debt ceiling. Yeah, this time we're going to cut spending in the future and WE REALLY REALLY MEAN IT!!!
Could raising the debt ceiling and canceling the "fiscal cliff" be the pin that pops the bond bubble?