Reply #7: Actually the book "The 4th Turning" predicted this exact scenario [View All]

[TalkingDog]

and for similar reasons. It's part of a sociological cycle.


Written about the coming (now current) era of cultural and ideological partisanship:

‎"An impasse over the federal budget reaches a stalemate. The president and Congress both refuse to back down, triggering a near-total government shutdown. The president declares emergency powers. Congress rescinds his authority. Dollar and bond prices plummet. The president threatens to stop Social Security checks. Congress refuses to raise the debt ceiling. Default looms. Wall Street panics."

http://www.fourthturning.com/


I ran across it a few years ago, so none of this is horribly surprising; just sad.