In my opinion the worst problem is not the huge economic problems not the FED buying your own extrem deficit and creating a huge inflation, not the unemployment and the huge private deficit and on and on.
The US lost the ability to solve these problems and it does not really matter if they come to a last minute result here.
If you go on with that political war and blame game instead of creating solutions things will become worse and worse.
I am from germany we had and have a lot of problems but at the end of the day from the left to the right from the unions to the companies there will be a solution. I might take a long time as for example the reunification costs.
Your political system and culture is really scary at least for me.
Since you are probably a socialist you will never understand. Go eat some saurerkruat and watch the show. The middle class of this country has been defending your sorry butts in Europe and have been treated like the worlds's piggy bank for too long.
The problem is that the American political community has been invaded by doctrinaire Marxism-Leninism, which is at a cusp of overthrowing the entire political reality and political system, but has encountered fierce resistance from what remains of American political thought and the resistant Jeffersonian underclass.
The old Hamiltonians have done their suicidal deal with the Marxists and are prepared to stand aside now and let the Marxists take the country down, in return for assurances that certain economic and social-status arrangements will not be disturbed. Of course this is folly, but that is the nature of hubris.
It remains, then, for the old Jeffersonian liberals and ordoliberals ("conservatives" now), the old yeomanry and their modern heirs, to fight it out with the Marxists, who have long-marched through the communications and education institutions and are determined now to impose their top-down, vanguard-led revolution. Obama is now seeking open conflict and an excuse to use force, as a way to break the stalemate in his favor.
The conservatives are trying to rally the People and use the Constitution to stalemate him until he can be overreached in the 2012 elections, while he labors to demagogue his 43% "tax-eater" share of the decaying electorate to turn out to return him to power next year with a renewed minoritarian mandate to oppress the successfully-divided conservative majority. That is where things stand.