In the actual world, the economy is recovering and the deficit, currently projected at half the level Obama inherited, is falling like a rock. Yet messianic Republican suicide threats in the face of an imagined debt crisis have not subsided at all. The swelling grievance within the party base may actually be giving the threats more fervor. The reign of the Republican House has not yet inflicted any deep or permanent disaster on the country, but it looks like it is just a matter of time.
Basically, one of the major political parties of the U.S. has gone insane.