If not entirely unconstitutional, to use the debt ceiling as a bargaining chip is wholly undemocratic ... a sign of weak government.
The GOP deserves more blame, but the Democrats are culpable as well. The fiscal cliff is a rather easy problem to solve. So why is it being linked-up with long-term debt negotiations?
Compared to any other economic indicator, the level of household savings is an indication of the health of a country's economy. How does the U.S measure up to other countries? Poorly.