Remember sequestration was just a tool to blame the Republicans for shutting down the government.

When Wednesday ends, the federal government won’t be able to go any further into debt until Congress gives its permission.

That permission will only be granted after several months of agonizing among Republicans, many of whom don’t want to increase the debt at all and want to start making real cuts to spending. In those months, Democrats will argue that Republicans are putting the U.S. at risk of default by not allowing more borrowing.

The debt ceiling has returned.