The US, home to Hollywood and the inventor of televised politics, could be counted on to produce a cliffhanger of a show around the debt-ceiling debate. The prospect of default and down-to-the-wire deficit negotiations riveted the nation like
a TV drama – and was, like most TV dramas, an escapist distraction from things that matter more.
Amid nail-biting over where the cuts will fall and fretting over what might happen in financial markets if the US loses its triple A rating, the latest economic growth figures were published. If America’s leaders had not been too busy to look, they would have found much more to worry about there.
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