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Please begin with an informative title:

The Republicans obviously did not get the alarming warning about the fallout from further delay on raising the debt ceiling issued Thursday by the U.S. Treasury – or they don’t care about it.
The Treasury (and the IMF) warned that damage from the next crisis would not wait until Doomsday on Oct. 17. It is already starting, and will grow worse as the deadline approaches..
Details can be found in
“Debt ceiling disaster already unfolding as shutdown continues”
The damage has already begun.
Stock markets in the US tanked on Thursday. Worse is yet to come.
There are none so blind as those who will not see. And that is the entire GOP.
The warning from the U.S. Treasury was stark in its report released Thursday titled The Potential Macroeconomic Effect of Debt Ceiling Brinksmanship.
“Unprecedented default could result in recession comparable to or worse than 2008 financial crisis,” was the sub-headline.
The report states that a default would be unprecedented and has the potential to be catastrophic: credit markets could freeze, the value of the dollar could plummet, and U.S. interest rates could skyrocket, potentially resulting in a financial crisis and recession that could echo the events of 2008 or worse.
“By looking at the disruptions to financial markets that ensued in 2011, the report examines a variety of economic indicators – including consumer and small business confidence, stock price volatility, credit risk spreads, and mortgage spreads – through which a similar episode might harm the economic expansion,” according to the Treasury.
But the lunatics in the GOP don’t’ care. We reported on how crazy they are Sept. 19 in GOP digs in over Budget – for no rational reason
This time, however, their madness could do serious and lasting harm to the economy – and the world. It has already begun.

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