Not going further into debt, despite the offer of more and more credit, should make the U.S. economy stronger and the likelihood of a default less.
Unless I woke up in Bizarro World, where everything is opposite.
If someone owed you 10,000$ - and a look at their finances showed that they continued to spend themselves further and further into debt - would a move on their part to live within their means and no longer go further into debt make you feel MORE or LESS likely to eventually get paid back?
???????
And whatever happens, do not cut spending. We must not even talk about it.
LOL. Such tripe spewing from the hole of the idiot who FAILED to even PRESENT a budget is rich.
Right. And TARP (and the Porkulus) imposed on us trillions more in new debt and instituted a disaster of a spending binge that is drowning us today. Now we want to gulp down more of the same old snake-oil?
If the debt ceiling is raised, what will happen after the vote is... "nothing". It will be just more of the same - lots more. The plunge into complete dissolution of the American Republic will simply continue on with added momentum and less chance of recovery.
This out of control government needs radical surgery, now. We have a raging Stage 4 cancer there are no longer enough band aids and aspirin to cover it up!
How long could your family survive making $60,000 a year while spending $100,000 and putting the balance on the maxed out credit cards?
“Why Tea Partiers wont listen to the establishment”?
Because “establishment”, it’s the “spending stupid”. We are tired of the financial ruin the spend and tax “establisment” has created to get votes.
Holding firm on the debt ceiling would not cause a default on treasuries; it would force congress to cut deeply, and that is what the establishment of both parties fear.