The GOP hates egalitarianism so much it's willing to torpedo the economy to fight it

The debt ceiling fight comes down to a fight about economic values

The cliff is coming
(Image credit: John Lund/Blend Images/Corbis)

In just over a week, Congress may voluntarily crash the American economy.

I am, of course, speaking of the debt ceiling. It's the legal limit on how much total debt the government can have outstanding. It's supremely redundant, because Congress regularly sets taxation and spending levels, and the gap between the two determines how much we'll borrow. Separately raising the cap on total borrowing amounts to letting Congress come to a fiscal decision, then drunkenly stumble back and demand a mulligan.

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Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.