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No, playing up the fearmongering as you are doing right now is partisan hackery. The main Democratic talking points centered around fearmongering, after all, wh

No, playing up the fearmongering as you are doing right now is partisan hackery. The main Democratic talking points centered around fearmongering, after all, which was almost as stupid as the Republicans temporarily shutting down the postal service, etc. in a fit of pique. As I said before: the markets correctly characterized the debt ceiling negotiations as a bunch of drama queens on both sides of the political divide acting up & a storm in a teacup because neither side is politically suicidal.

ljf 10y ago
Check out HyperNormalisation by Adam Curtis - should be on interest.
bubbleRefuge 10y ago
You are right sir. And after the ratings agencies downgraded US debt, they actually appreciated in value. Because anyone who understands government finance knows that issuer's of currency cannot default on their own debt instruments unless they want to.
sammydavis 10y ago
However, a fair number of tea party members in congress were actively promoting defaulting on the debt. That's different than some random guy with a page on the internet. That's a lawmaker with a vote who can affect the outcome. So their political career would be hurt. The election wasn't the next day, it would have taken a long time to replace those yahoos and the damage would have been done. Examples: Ted Yoho, rep for Florida, http://www.rollingstone.com/politics/news/the-tea-partys-government-default-fantasy-20131011 http://www.rollingstone.com/politics/news/the-tea-partys-gov... Trump (who isn't in congress, but had a shot at being president: http://mediamatters.org/research/2016/05/08/media-slam-trump-s-insane-plan-default-us-debt/210297 http://mediamatters.org/research/2016/05/08/media-slam-trump...) yes, it is nuts, but people who vote in congress supported it, and the pres. candidate of one of our two parties also said that.
countingteeth 10y ago
Actually, most of the Republican party is in the process of committing political suicide right now. Enough with your vacuous false balance.

ljf 10y ago

Check out HyperNormalisation by Adam Curtis - should be on interest.

bubbleRefuge 10y ago

You are right sir. And after the ratings agencies downgraded US debt, they actually appreciated in value. Because anyone who understands government finance knows that issuer's of currency cannot default on their own debt instruments unless they want to.

sammydavis 10y ago

However, a fair number of tea party members in congress were actively promoting defaulting on the debt. That's different than some random guy with a page on the internet. That's a lawmaker with a vote who can affect the outcome. So their political career would be hurt. The election wasn't the next day, it would have taken a long time to replace those yahoos and the damage would have been done. Examples: Ted Yoho, rep for Florida, http://www.rollingstone.com/politics/news/the-tea-partys-government-default-fantasy-20131011 http://www.rollingstone.com/politics/news/the-tea-partys-gov... Trump (who isn't in congress, but had a shot at being president: http://mediamatters.org/research/2016/05/08/media-slam-trump-s-insane-plan-default-us-debt/210297 http://mediamatters.org/research/2016/05/08/media-slam-trump...) yes, it is nuts, but people who vote in congress supported it, and the pres. candidate of one of our two parties also said that.

countingteeth 10y ago

Actually, most of the Republican party is in the process of committing political suicide right now. Enough with your vacuous false balance.