That is the question.
Two hours ago one of my closest friends, an economist outside of Philly, called to ask me what I thought the odds of the nation defaulting were. I told him I thought about 40%. (Like I know?)
He thought it was higher than that. He's kind of worried. Make that real worried.
But it's not hard to see why.
Congress Continues Debate Over Whether Or Not Nation Should Be Economically Ruined
WASHINGTON—Members of the U.S. Congress reported Wednesday they were continuing to carefully debate the issue of whether or not they should allow the country to descend into a roiling economic meltdown of historically dire proportions. "It is a question that, I think, is worthy of serious consideration: Should we take steps to avoid a crippling, decades-long depression that would lead to disastrous consequences on a worldwide scale? Or should we not do that?" asked House Majority Leader Eric Cantor (R-VA), adding that arguments could be made for both sides ...
When the Onion and Ronald Reagan make the most compelling arguments in favor of a debt-ceiling hike, you know the "debate" has gone several clicks past ludicrous.
Why bring this up on an animation/labor blog? Because if the U.S. defaults on its bond obligations, we're all screwed. No matter what cartoon studio we are working at.