Posted on 10/03/2013 4:18:47 PM PDT by TurboZamboni
The debt ceiling should really be renamed the default ceiling. This catastrophic game of chicken cost the U.S. our AAA credit rating and $19 billion when it was last employed in the summer of 2011 by House radicals who pretended their intransigence was a stand for fiscal responsibility. Now the default ceiling is looming again, promising yet another showdown between President Obama and House Republicans. But even Speaker John Boehner realizes that the 50 or so radicals on the far right of his own party—the Bachmann, Broun, Gohmert and King crew—are the greatest impediment to responsible self-government right now.
That’s why the new responsible Republican proposal, which passed the House Thursday by a vote of 221-207, could be the best way to defuse the debt ceiling from its most destructive impact.
(Excerpt) Read more at thedailybeast.com ...
Be sure we pay the debt. Cancel obamacare. DO NOT RAISE THE CEILING WITHOUT SPENDING CUTS OR YOU ARE GOING TO BE DEFEATED.
We need the responsible government or life in prison for government employees act.
Yes let’s default and lose the credit rating. I’m being serious. Not one entity on the face of the planet will ever buy US government debt again.
Sounds like we can have balanced budgets from then on.
We had our rating reduced because we are not serious about our debt and reducing it.
Just call whatever they pass The “Kick the Can Down the Road Bamboozlement Act of 2013”.
It may be called the Please Primary my Arrogant Ass Act of 2014!
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