Vote on Debt Limit increase?

[joeydb]

Originally Posted by Riot

So you're entirely okay with the United States defaulting on our debt, and pushing the world into a worldwide recession? And living with the poverty and increased interest rates for everyone (by marked percentage points) for the next two decades at least, if not permanently? The permanent change of life as we know it in the United States? The US becoming no longer a leading first world country?

That's crazy and irresponsible. That is exactly what will happen if we never borrow one more penny, but fail to raise the debt ceiling.

Seriously, Joey - what did you think of Geithner's January letter? That's it's a lie?

You wanna know what we would have to "slash" for the remainder of this year and next in order to not increase the debt ceiling? $754 billion. That's physically impossible.

Hey, you guys can continue to argue that position. I'm out. It's a batshiat crazy position.

Every time the debt ceiling vote comes up, it is raised. EVERY time. That's batshiat crazy. And, if we go Riot's way, and many agree with her,it's a "must" to keep borrowing more...when we can't afford the debt we already have.

The crazy and irresponsible behavior has already occurred: the accumulation of this debt in the first place.

Every other effect you list: poverty, decline in world position for our country, standard of living changes, will certainly occur when we cannot borrow one more penny from a creditor. That day is rapidly approaching. By choosing to limit our own borrowing - as late in the game as it is - give us a chance to recover.

Automatically raising the debt ceiling - which is what will occur every time so long as we are driven by fear - will not let us change course at all until we default - for real - permanently, and every effect you list will be even more severe.