Alter for Bloomberg: Guns of August Loaded as Debt Fight Goes to Wire

July 29th, 2011

Bloomberg Opinion

By Jonathan Alter

July 29, 2011

In Barbara Tuchman’s classic account of the outbreak of World War I, “The Guns of August,” neither Germany nor its adversaries seem to want war in 1914. But they stumble into it anyway. Substitute “default” for “war” and you have a good idea of where we are in the Great Debt-Limit Crisis of 2011.

After talking to sources in the White House and on Capitol Hill this week, I think I have a good idea of how this should play out — in a rational world.  Read More…