- Oct 31, 2000
- 27,519
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I cringed reading this. How old are you? I hope for your sake still a teen. The combo of blissfully uninformed + hate for evil republicans leads me to believe so.
lol whut? Do you ever watch the crap that the morons on Fox News spew? Literally every other guest is saying that the debt ceiling won't be a big deal, then the spout off some BS pertaining to our ability to pay the interest on the debt while making it sound like everything will be peachy. Our debt is only ONE of our major obligations - being able to service only that aspect while ignoring others means that we are, in effect, "defaulting" on those other obligations.
If we cross the line and have no borrowing authority, we will have fucked ourselves, and it will be for no good reason. The consequences of confidence loss in the US Dollar and the Federal Reserve will do more immediate harm to our economy than continued borrowing or Obamacare, but Republicans are willing to risk it all. Every economist worth a shit agrees with this. The people who run all of the major world banks and monetary funds do too.
But don't worry, Tea Party Republicans and Fox news talking heads will continue to say otherwise...."It's going to all be A-OK, everyone calm down."
Get a grip and open your eyes.