So, let’s get this straight. John Boehner, GOP Speaker of the US House, can’t get his own representatives to support his own plan, let alone find agreement with some Democrats.
That’s where we are.
Stephanie Flanders explained yesterday that passing the deadline with the debt ceiling intact does not mean automatic default. But we have here a political game of chicken which has, at its centre, not a malfunction of US fiscal management, but the political dysfunction of the Republican party. In short, it is not actually one party any more, it is two parties.
And it leaves Boehner appearing weakened, the incredible shrinking speaker. His speakership appears to have hit the Tea Party iceberg and is taking on water.