If you think chatter out of the Senate suggests the DC issue is about over, Cramer thinks you may be sadly mistaken.
That's not to say the Mad Money host doesn't expect a deal out of the Senate, he does. "From the very beginning I've always expected the Senate to find common ground," Cramer said.
The issue is that any deal in the Senate would then have to pass the House. "And the House as we keep discovering, is a horse of a different color," said Cramer.
Although the Mad Money host believes Senators comprehend the consequences of default, he's not sure that lawmakers in the House share the same level of understanding.
"Some think that the President is just lying and there's plenty of cash to go around so the deadline will come and go with no consequences," Cramer said.
"And others, who understand the issue a little more say 'so what'. The people who will be harmed are either from Wall Street or, worse they are foreign."