Jed Babbin should be Sec Def in ANY future GOP Admin.
The Democrats do have the courage of their convictions, it is just that their convictions are geared toward complete corruption and preservation of their own position of power in an oligarchy at all costs.
“The threatened downgrade will make more costly all direct U.S. borrowing immediately “
That’s not just stupid it’s ridiculous.
Unless we raise the ceiling.
T-Bills will become more valuable when we issue less of them.
They may even have a temporary negative yield from scarcity.
It doesn’t matter what Moody’s says- when people want a guaranteed safe investment there’s only one.
I wonder what the fed will do with it’s money when T-bills aren’t available. Nothing good I’m sure...
The fed printing fiat money.. “IS A TAX”...
The article is complete garbage.
The Old Guard Republican Establishment is using all of their allies in the media — including the American Spectator, Larry Kudlow on National Review, Ann Coulter as a guest on Fox News, etc — to pressure the young reformers to cave and vote for the absurd McComnell Surrender plan.
The Old Guard is reponsible for getting the country into this mess and they are continuing their inept, slimy ways. The Republican leadership has already given up their bargaining power by publicly declaring the McConnell Surrender plan to be their backup plan, letting the Democrats know that they don’t need to agree to anything more than that.
This is a crucial test on whether the Old Guard can compromise the integrity and principles of the reformers, and co-opt them into the club of politics as usual. This is a test on whether have any real hope of fixing this country.
The reformers need to take over. The first thing they need to do is get their bargaining power back. They need to reject the McConnell plan completely and they need to let the nation know they are rejecting it by taking a pledge against it.
Then they need to turn the debate around on the Democrats and let the Democrats choose between two alternatives. Let the Senate Democrats decide, in the end, if they want to reject Cut, Cap and Balance, a real plan to fix the real long -term problems of this country, or as the only alternative, they are willing to risk the consequences of not raising the debt ceiling.
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