It is altogether possible that all those black swans we've been reading about -- debt crises, floods, earthquakes, nuclear meltdowns, Mideast uprisings -- are finally having an impact on business confidence.
It's official. As of Monday, May 16, the United States of America has reached its debt limit. But the sky didn't the sky fall. People are not running in the streets in chaos. The stock and bond markets haven't crashed. So what's the big deal?
Even though the possibility of a federal government default is an issue with potentially catastrophic consequences, GOP leaders in the House and the Senate seem to be playing politics with the debt ceiling.
Now that the debt ceiling is in play, there's no end to what the radical right will demand in the budget negotiations. Which leads to a more basic question: Are voters ready and willing to mount primary challenges to incumbent Democrats who cave?