Are you really this pedantic? I used an 'and' and a 'semicolon'. If you parse my sentence you will see I made no such implication directly that the current issue with the House of Immature Children is the cause of, or effect of, our debt crisis. Anyway, do you disagree with Wikipedia? """"Debt crisis is the general term for a proliferation of massive public debt relative to tax revenues, especially in reference to Latin American countries during the 1980s, and the United States and the European Union since the mid-2000s.[1][2][3][4]"""
"We're in a major debt crises and have issues funding our fundamental operations; beyond the immediate government funding, we have severe problems with spending "
Like many wikipedia articles in areas where there has been intense political propaganda efforts, the one on debt crisis [1] which you quote but do not cite engages is badly confused and influenced by propaganda -- and the four sources for the sentence you quote are an opinion piece, a blog post, an infographic, and broken link, none of which (except, perhaps, the content which once was at the broken link) directly support the thesis of the sentence. By Wikipedia's own standards, that article is bad.
And while you say that the current issue with the House isn't the cause or the effect of the debt crisis, the only US examples of so-called "debt crisis" linked from the Wikipedia article you lean on are the current and 2011 debt ceiling debates. So, its ironic that you ask "Anyway, do you disagree with Wikipedia?"
Anyhow, the defining characteristic of a debt crisis is default risk, not debt vs. tax revenue (debt service cost vs. GDP -- not total debt vs. GDP -- is probably the best "easy" numerical measure for fundamental default risk, but the real source of default risk in the US is political games like the ones you discount from the "House of Immature Children".)
So, you're saying we're at a default risk not a debt crisis. OK, I used the wrong term above. Please substitute it as needed; my argument remains the same.
> So, you're saying we're at a default risk not a debt crisis.
No, I'm saying that debt crisis is equivalent to default risk, and that the only significant way in which we are in either (the two being the same) has nothing to do with economic or fiscal fundamentals -- the resources to service the debt are readily available -- and solely to do with the present political shenanigans.
