The hoopla over the debt ceiling issue continues. The reality is that it is totally irrelevant to the fate of the nation. We are going to default! The only question is when.

In my opinion, contrary to that of the Washington pols who may be run out of town on a rail when that happens, now is better than later. The Daily Reckoning agrees:

And here at The Daily Reckoning, we stand with the Tea Party and the Germans. We’d like to see the US government default. Why?

• Because the feds have already done enough damage with their borrowing; it’s time they lived within their means…

• Because we already have enough zombies, supported by borrowed funds…

• Because it will be less painful to stop the debt build up now than later…

• And because we just want to see what happens when the zombies run out of fresh meat.