Who's worried about the debt limit?

[Kerim]

It seems to depend on whether there really are any grownups in the room. There don't appear to be, but the consequences of default seem dire enough that maybe enough moderates will find a way to cut a deal. But who the heck knows if they can at all, or if they can in time to forestall problems -- there is no shortage of crazy going around these days.

But that just gets me back to dry powder and sharp pencils...