What idiots believe this stuff?
Borrowing ever increasing sums to try to keep the unsustainably high level of spending going is insanity. Individuals cannot keep increasing the limit on their credit cards without going bankrupt; the government, being bigger, is not immune to the same laws of economics.
We need more senators like Ted Cruz, who understand the laws of economics. And they need to hammer, over and over, the fact that there is nothing responsible about borrowing to pay bills--sooner or later, this practice will lead to a crash, unless politicians develop backbones NOW and stop the insane spending and borrowing.
Democrats don’t believe in the economy being fragile, precarious or any of that sensible stuff as long as when they swipe that EBT card the gibsmedat transaction goes through.
I have no faith that there are any Senators or Congressmen in Washington willing to do that. Look at the recent, incredibly small attempt to reign in entitlements with the military pensions. We're not talking cuts in pensions mind. And this did not touch pensions for those who were disabled. We were talking modifying how pensions were increased annually, and only for those who retired and started receiving pensions before they were in their 60's. Once they reached their 60's then the increases would go back to the more generous method of calculation. It raised a holy poop storm, and the GOP was falling all over itself in demanding the modifications be rescinded. Without paying for it mind.
Now we can argue about how the military shouldn't be the ones to take the first cuts, but that's not the point. The point is one small segment of society faced a modification to their entitlement and the outrage was enormous and the caving was immediate. What's going to happen when it isn't a small segment but a large one? When it's Social Security recipients who are facing actual reductions in benefits, or when Medicare recipients are being told they need to pay more? What politician of any stripe, Republican or Democrat, is going to stand tall against that storm? Well that's what it's going to take to get our financial house in order. So yes, Senator Cornyn, I agree with you that the debt limit increases are dangerous. And I see you voted against it. So where would you cut the $1 trillion plus to make such increases unnecessary?