"There's a huge amount of misunderstanding about the seriousness of this among the American people," said Robert Reischauer, former head of the Congressional Budget Office and now director of the Urban Institute. "One reason is that, while experts have been apoplectic about this for the better part of four months, there is no tangible evidence of any of these consequences coming to pass,"
"Most people spend their lives worrying about the things that affect them immediately and the things they have some control over. And this is not one of them," Reischauer said. "But it will be very soon."