The point is simple:
If they raise the debt the dollar will loose value. Oil and food will cost more. Raising the debt is a code for printing more money. If they printed more Babe Ruth trading cards almost anyone would expect that those already in collectors hands would loose value.
We should raise the debt ceiling. Let’s default on even MORE Debt!!!!
Hillsdale is one of the few places to go if you want the real scoop.