by Mark Gabrish Conlan for East County Magazine, www.eastcountymagazine.org
I will not live my life for any other man, nor ask any other man to live his life for mine. — Ayn Rand, Atlas Shrugged
October 10, 2013 (San Diego’s East County) -- As I’m writing this, it’s the eighth day of the shutdown of the federal government, and there’s no end in sight. What’s more, unless Congress acts to expand the so-called “debt ceiling” — the total amount of money the federal government can borrow to fund its current obligations — by October 17, the U.S. could default on its loans for the first time in its history.
Economists and businesspeople are warning that this could be catastrophic for the future not only of the U.S. but the entire world’s economy. As Douglas Cote, chief market strategist for IMG Investment Management U.S. in New York — not exactly your most flaming liberal or Leftist source — was quoted in the October 3 Los Angeles Times, the politicians who have brought about the government shutdown and are threatening to force the U.S.’s first-ever default are playing “a form of Russian roulette with a loaded gun.”