How will passing a reenactment of Glass-Steagall stop the silly budget fight.?

Glass-Steagall isn't really about the budget/national debt at all. It's about regulation of the banks by the Fed. During Alan Greenspan's time as Chairman of the Fed, rapid deregulation of banks was started, allowing banks to buy risky CDOs (bundles of loans). Ratings agencies and insurance companies (AIG) were also in on this. The end result? Housing and banking crises, leading to the billion dollar bailout. Iceland followed a similar path with their banks (deregulation), and now they owe millions of dollars to foreign countries because of the risky loans their own banks made and lost money on. Out of all the countries that have deregulated banks, Iceland is probably the one hit hardest (mainly because it has a small economy to begin with)

IF I WAS YOU, I WOULD PREPARE FOR HYPERINFLATION