Fact of the matter is, that if the debt ceiling is not raised then we will probably have economic problems. There is nobody who would doubt that, and im personally getting sick of this politicking, when it is beginning to mess with my finances. No one really knows the outcome of not raising the debt ceiling, but odds are it wont be good. Alot of the market is based on speculation and investor confidence. Defaulting is not very good for confidence. Ive gone past the point of caring about the future and just want the immediate present secure before resuming discussions on the future.
Please flame me for being sane.
“Ive gone past the point of caring about the future and just want the immediate present secure before resuming discussions on the future.
“Please flame me for being sane.”
I think you just flamed yourself, for wanting more of the same, damn the kids and grandkids.
Refusing to raise the debt ceiling does not force the nation into default.
The federal government would have plenty of money to pay its debt obligations if it cut spending on some other things.
As a former insider in a state bureaucracy for 30 years I can assure you that there are at least twice as many employees as needed to meet assigned tasks. If we also were to eliminate unnecessary tasks we could reduce the bureaucracy by two-thirds.
On top of this there are outlays for hopelessly inefficient and wasteful programs that could be cut. For example, all of the passenger rail schemes and subsidies that have ballooned over the last two decades.