Quote:
Originally Posted by bhutocracy
It's great they didn't destroy the faith in the ability of the US to pay it's bills and crash the whole world economy.
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Thing is...there is no need for the govt. to "default" when the debt ceiling hits. They could simply STOP spending money. The govt. takes in a few billion dollars a day in revenue every day.
And the funny thing is...BOTH sides (including Pres. Obama as a Senator) has decried raising the debt ceiling when the OTHER side is in power.
And they all refer (rightfully so) to it as "Kicking the can down the road" instead of fixing the spending problem.
And the media and politicians now have us all CHEERING that they "kicked the can down the road" again!
It's been an amazing bit of PR and seems to have worked on a lot of people.
But when I talk to working people at the gym or at a bar? They have a completely different take on this.
They see the REALITY. That our govt. spends money like a drunken sailor and it never ends.
