The sequester and the shutdown don't seem such a bad thing. Maybe the lack of a higher debt ceiling on October 17th wouldn't be so bad either?
The way I see it, the worst that could happen would be that global markets could become slightly unnerved at the chance that the US would not or could not pay interest on US federal bonds, T-bill or notes. Of course, that would not happen, as the US has plenty of revenue to pay these obligations. It is the risk, perception, or fear of default that might drive global loss of confidence in these US debt instruments of which I speak. If, globally, businessmen, bankers, and governments lost confidence in US debt, then a slowdown in global business would occur until a new form of trusted, fungible collateral took its place.
All this means the only thing to fear is a gradual slowdown in economic activity. Ho hum. There will always be winners and losers. The human race always faces difficulties. So what?
For us to go down the river of time, sometimes we must go giddily over the falls. Yet the river goes on.
The refusal of the President to negotiate, and the refusal of the Republicans to give away the game, make it likely that the 17th will come and go without a deal. I expect we will all learn something very interesting, yet perhaps also quite boring, come the morning of October 18th.