I apologize to all. i too was lulled by press reports that led me to think we could coast two months without resolving the fiscal cliff. I just read data otherwise. I did not know that the debt ceiling fell on December 31. I have been lulled into thinking it wasn’t until February that it became due.

That is because the press assumed that since we got through two months of stopgaps last time, we can do it again.

There is the possibility that we can. But what scares me are the scenarios which portend we will not.

The debt ceiling crises is like a cancer. The United States of America is the patient. We know that at some point the cancer will be so advanced it will be untreatable; after which it will become too pervasive and it will win. We could walk into the cancer center right now, and say “let’s get this started”, and know that we will come out ok. Although we don’t know for sure, the predictions are that our point of no return is at the end of February. If we are wrong, and the cancer unbeknownst to us is too rampant, it will win.

Our huge problem is that we need a consensus to get ourselves into the cancer treatment center. And one party whose vote is required, will not vote yes, because they believe only in medicine proscribed by witch doctors. They will not consider to committing the patient for medical treatment, until a witch doctor has been brought in from deepest Africa to perform his rituals…. That one small contingent believes in mystical witchcraft so much, they refuse to allow medical treatment.

Of course when the line of death approaches and all others remain adamant that saving the country is more important than proving the existence of witchcraft, we assume they will give in….

The real question is whether or not we can get them to commit before it becomes too late….

If not, the Tea Party contingent of the Republican Party of the United States of America, will have signed our nations death warrant.

I know a lot of people raise hell over every crisis in order to promote their argument. I’m always the cool headed one. Simply put, we are now in a minefield because all markets are maxed out, because leverage is off the scale, because the treasury can’t help, so that if the markets were to fall because of the threat of a credit downgrade, there will be no bottom. The financial system as we know it, will be no more….

Today’s Tea Party in the House of Representatives is the metaphorical equivalent of putting 4th Graders in control of our nuclear arsenal… There is still a good possibility that they will act rationally and all will go ok; nothing catastrophic will happen.. But should they not, the results will not be a little minor blip….

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