
If we understand the timing, Our Exceptional Nation actually hit its debt ceiling back in May, but thanks to a high-stakes shell game over at Treasury, nobody noticed. Entropy being what it is, however, the shells aren’t being shuffled as fast as they were, and eventually they’ll come to a full stop on August 2.
The other nominal deadline in the news was last Friday, which The Preznit set as the last possible moment to achieve a Grand Sellout Bargain. Any cocktail-napkin deals signed off by then would still have needed to be translated into actual mind-numbing legislation and passed by Congress, and allowing two weeks for that would be cutting things short, what with other national emergencies like Demon Light Bulb legislation to tend to.
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