I know I am just a simple minded fool, but the best thing that could happen would be nothing. If the debt limit is not lifted then we acquire no more debt. The constitution requires that we pay our debt so the fat cats of spending will just need to figure it friggen out. If I was in debt, my balanced approach would not include a demanded pay raise at work, would it?
” The constitution requires that we pay our debt so the fat cats of spending will just need to figure it friggen out “
In a perfect world, yes...
But the state of politics in today’s Land-of-the-free-home-of-the-brave, instead of starting the ‘cuts’ with EPA, OSHA, EEOC, Depts of Ed., Labor, Commerce, etc. (IOW, the bureaucracies whose activities actively *harm* the economy in general), our ‘Betters’ will go right to the cuts that cause the most amount of pain to the most amount of little people, in order to gain perceived political advantage....
“If the debt limit is not lifted then we acquire no more debt.”
Fine, but most of what we spend is in social security and medicare checks. If we dont raise the debt limit, those checks dont go out.
That’s not gonna work ... at all.
“The constitution requires that we pay our debt so the fat cats of spending will just need to figure it friggen out.”
The answer - cut entitlements - is politically unpalatable.
“If I was in debt, my balanced approach would not include a demanded pay raise at work, would it?”
No, but politicians will lose their jobs if they stop handing out the freebies.
That’s the real problem, we have a nation of 50% taxpayers and 50% freeloaders. If the freeloaders outvote the taxpayers, the system is doomed.
“If the debt limit is not lifted then we acquire no more debt.”
Fine, but most of what we spend is in social security and medicare checks. If we dont raise the debt limit, those checks dont go out.
That’s not gonna work ... at all.
“The constitution requires that we pay our debt so the fat cats of spending will just need to figure it friggen out.”
The answer - cut entitlements - is politically unpalatable.
“If I was in debt, my balanced approach would not include a demanded pay raise at work, would it?”
No, but politicians will lose their jobs if they stop handing out the freebies.
That’s the real problem, we have a nation of 50% taxpayers and 50% freeloaders. If the freeloaders outvote the taxpayers, the system is doomed.