[Sabertooth]

But a debt is a debt. It has to paid, right? What am I missing?

Money is fungible. Politicians are forever telling us that we need to pass this or that bond and incur more debt for some dire emergency, or they'll cut vital services. They play the voters for chumps, and the voters usually oblige.

Meantime, the greed, theft, waste, and corruption of the political elites carries on, unabated.

The hell with them. There is no need to borrow money when they're wasting money.

They're bluffing, and I'm calling.

[Hildy]

I heard Arnold talking about this. He said it's ONLY refinancing. He's not a politician. He's not standing around waiting to hand out goodies. I believe him. He said it's the start of getting back on track. Consolodating and refinancing doesn't seem like such a bad idea to me.

[SteveH]

Meantime, the greed, theft, waste, and corruption of the political elites carries on, unabated.

The hell with them. There is no need to borrow money when they're wasting money.

They're bluffing, and I'm calling.

Totally agree!

[ambrose]

When the cuts finally do come, they always hit some program for the blind and the crippled (and then trumpet it on the evening news) while the 200k + a year administrators remain untouched.

[John123]

They're bluffing, and I'm calling.

Absolutely! Our Republican Senators drew a line in the sand and said, "No more."