It is 6:49 PM DC time at the time of writing, and the shutdown seems inevitable. The House's latest scheme involved merely delaying the Individual Mandate (which precludes support from democrats and damns it to die in the Senate), and revoking Health Insurance for Legislators and their aides. The latter half is to make it seem that Democrats are shutting the Government down over their own Healthcare, and that is the most neutral way I have of putting it. The Bill faces enough of a threat from House Republican Rank-and-file that even this "concession" is seriously imperiled: Merely delaying the main section of the law is not enough for many On the Conservative wing (Michele Bachmann was mentioned), and cutting Legislator benefits troubles many Republicans, since that health care is more for their numerous unpaid and lowly-paid aides, who face drastic hikes in healthcare costs.
Now speaking for myself, I heard a statistic that the government shutdown (which would furlough hundreds of thousands of Federal workers, force others to work without pay, cut all civilian contractors, close parks, end payments to the states, prevent applying for new benefits, and cut anything not deemed "essential". Ironically, it would not stop the "soft-release" of Obamacare's exchanges, which open tomorrow) would cut the predicted growth for the year by .4% if it happens for 4 days, 2% if for two months, and anything above that would sink the US into recession. Current GDP Growth predictions are maybe 2.1% for this year.
I also read a interesting argument saying the debt ceiling would force Obama to break one of the clauses of the constitution, that is, the three to "borrow what Congress has authorized, Spend what congress has authorized, and tax what congress has authorized". The three of these would come into conflict, and Obama may manage to save the US Economy through a illegal maneuver (the other three options are massive tax raises, indiscriminate spending cuts, or a partial or full default on US debt. Or a combination of the Above).
You know, it's time's like these that Dictators are born. The choice between a leader willing to actually do things, hell even the basics versus a Congress or Parliament as dysfunctional as this is awfully, persuasive.