Quote:
Originally Posted by joeydb
If the creditors no longer loan to us, the decision has been made for us, and the game is over.
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You're right, I think we both agree on the result that is needed. I think we differ on the way of getting there.
I don't
want "the decision to be made
for us" by not raising the debt ceiling. I think the permanent ramifications of that (forever increasing our personal interest rates on homes, cars, federal debt, negative impacting our bond ratings, etc) will take us out of first world status.
I don't want my grandchildren to be paying 2 percentage points more in interest on their house loans because the GOP wouldn't vote to raise the debt ceiling in 2011 (which would be the case even if at that time our government was small and spending well within a budget)