In other words, America loses.
The reality is that the Republicans always had a losing hand. And they played it horribly with arrogance and stupidity. Anyone hoping to save our nation had to sit back in absolute horror as Representative Eric Cantor displayed ignorance and arrogance simultaneously.
The Republican position was untenable. Tax increases, or as the Democrats misleadingly describe them, "Revenue Enhancements" are inevitable. Had the Republicans not overplayed their weak hand, they might have engineered a significant budget cut in exchange for modest "revenue enhancements."
Instead we Americans get placed on the bus, with no brakes and no driver, down a slippery slope and a deep cliff. Look out below.
In the end, the Debt Ceiling WILL BE RAISED. There was never any doubt. How Eric Cantor or any Republican thought they could hold the government and American People captive is beyond imagination.
I don't look for anything to improve. President Obama is unbeatable (at this time, at least). And, while he's gotten pretty good at his job at his day job, he lacks any vision of the future and lacks any political power to push needed changes through Congress.
All we've accomplished is insuring that true and full government default will happen around 2016. Kiss your nation goodbye.