Sen. Kay Bailey Hutchison, a Texas Republican, warned Friday on CNN, "The debt ceiling is going to be Armageddon." White House spokesman Jay Carney chose similar eschatological terms on Monday. "The consequences," Carney said, "of failure to raise the debt ceiling would be Armageddon-like in terms of the economy." No need to consult Revelation. We are not on the cusp of fiscal end times.... (Read Full Article)