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The White House and Congressional Republicans agree in principle that the debt ceiling needs to be raised, but they are at an impasse on how to constrain the deficit's rapid growth.
What dismayed all the experts I spoke to was that the hostile tone was obscuring the fact that both sides agreed on the two most fundamental issues; the debt ceiling needs to be raised and a government default avoided, and the long-term deficit needs to be addressed through some combination of spending cuts and tax increases.
In contrast, the Senate favors a lower ceiling than the House on the maximum size of the awards, currently $750,000, although both bodies agree that the ceiling needs to be raised.
They know that the glass ceiling needs to be cracked.
All of these have led us to a point where the ceiling needs to be raised, or else.
The U.S. Treasury already has hit the existing $14.3 trillion legal limit on the nation's debt and has warned the debt ceiling needs to be raised by August 2 to avoid a default on the nation's obligations.
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Any changes to the debt ceiling need to be approved by Congress, and this has led to a protracted stalemate between Republicans and Democrats.
Indeed in 2011, in response to Wayne Swan's suggestions that the debt ceiling needed to be higher for reasons of liquidity, Joe Hockey wrote in The Australian, that: "Whilst the Coalition has supported this in the past, the government should not expect a rubber stamp this time".
But last week, when the debt ceiling needed to be raised again, conservative Republicans decided not to fight.
The "debt ceiling" needed to be lifted in order for the country to pay what it owes.
The ceilings needed to be at least 10 feet, 6 inches high, he said, and the wall needed a special support column in order to hang the sculpture correctly.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com