You’re kidding I hope.
Kidding about what?
He’s serious, I’m serious, every Freeper who has taken an objective look at our circumstances is serious.
We are $9T in (publicly held) debt. Our GDP is $14T. Countries default at about 100% Debt to GDP ratio. At the Republicans deficit of $1.1T per year we will default in five years. In fact it will be sooner because as interest rates increase, due to servicing the existing debt, our Debt will be increasing exponentially.
If we can’t do it now, with this House, it can’t be done. The only way a “temporary” increase in debt makes sense is if it is after the budget cutters have won and seniors have seen the light and liberals have given up. The only way to do that is to hold the line now, service the debt, make minimum payments on defense and let the rest squeeze into what’s left. Senator Toomey and Governor Pawlenty have seen the light.