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As debt ceiling cliff nears, global fallout under way
Oct 9th, 2013 by Warren Swil

Constitutional crisis

likely to follow default

China’s Deputy Finance Minister Zhu Guangyao warned the US on Monday. Click image to enlarge.

AS THE UNITED STATES stumbles through the government shutdown towards the debt-ceiling crisis, its potential catastrophic effects are already causing ripples – political and economic – around the globe.
And warnings have already started to appear that if the House Republicans allow the country to go over this cliff, another worse crisis would be upon us almost immediately.
That would be a constitutional crisis, as expertly outlined by a professor of history in The New York Times on Tuesday.
The president could invoke emergency powers under the 14th Amendment – and the GOP in the House, like they did in the Clinton years, might decide to impeach him.
The future is looking more perilous by the minute.


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Showdown over shutdown could split Republican Party

DISSENT GROWS WITHIN GOP AS PUBLIC ANGER MOUNTS
Signs are emerging in a number of quarters that the radial fringe group of Republicans in the House of Representatives that deliberately caused all the unnecessary suffering is itself beginning to feel the heat.
With each passing day that the U.S. government remains shuttered, the internal pressures straining the Republican Party will mount as the American public grows increasingly disenchanted with its performance.
As long as the president and his party stay firm and refuse to negotiate such a fundamental issue as running the country properly, the chances of a split in the GOP will rise.
And that is good news for everyone.


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GROSS MISMANAGEMENT: World’s only superpower lurches from crisis to crisis

US GOVERNMENT – AND PEOPLE – HELD HOSTAGE BY LUNATIC FRINGE
Few people on the planet can be unaware that the American federal government is on track to shut down in a few hours.
It’s all the fault of a crazy radical fringe group that has seized control of Congress.
What an embarrassment. Even worse, what an unnecessary calamity for the entire country, all its 330 million people, and the global community.
It is beyond pathetic. It is gross mismanagement on a massive scale.


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