Fortunately, Speaker Boehner has been quoted as saying privately that he would not allow the US government to default. This implies that before October 17 he would allow a bill to raise the debt ceiling to come to a vote without an amendment to defund Obamacare, with a combination of Democrats and moderate Republicans allowing it to be adopted. If this happens as we expect, then we will avoid the worse case of a Federal debt default, and "merely" suffer the bad effects of a three-to-four week shutdown of the US government. It is a sad state of affairs that this looms as the best-case outcome of the current political environment.
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