In the past few years, the U.S. economy has been beset by the
subprime meltdown, skyrocketing oil prices, the Eurozone debt
crisis, and even the Tohoku earthquake. Now it’s staring at a
new problem—a failure to raise the debt ceiling, which would
almost certainly throw the economy back into recession. Unlike
those other problems, however, this one would be wholly of our own
making. If the economy suffers as a result, it’ll be what a
soccer fan might call the biggest own goal in history.