The look on House Speaker's Harry Reid's face and his body language say it all. I find it hard to believe that the US is on the brink of financial default. The largest economy in the world is about to go under? Really? I don't even pretend to understand why or how things could have possibly become this screwed up but the Democrat's and the Republican's finger-pointing speaks volumes about the fact that the US political system is broken and the resulting disconnect must be truly embarrasing for all Americans regardless of their political bent.
Fortunately, because of our parliamentary system in Canada, something like this could never happen. That's because the existing government holds a majority of seats in parliament and have the power to pass anything they want. If they didn't hold a majority, the other parties could bring the government down on any money bill and force an election at any time ie: no waiting for 2 or 4 years.
I know, I know, I'm being very simplistic here but given that I always felt the US system of government was better than ours, I humbly admit my mistake. Now if Obama and Boehner would just admit theirs, but in the meantime back to selling stocks and buying gold and silver.