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I don't think anyone thinks we shouldn't pay. Instead, what everyone thinks is that we -have- to balance the budget, and this appears to be the only way to get
by wccrawford 15y ago
I don't think anyone thinks we shouldn't pay.
Instead, what everyone thinks is that we -have- to balance the budget, and this appears to be the only way to get politicians to do their jobs. They seem to be treating a balanced budget as if it isn't their problem. That someone else should be doing that.
I'm starting to wonder if that's right. Maybe there should be another body that has oversight of our ridiculous spending.
- deleted 15y ago[deleted]
- deleted 15y ago[deleted]
- diolpah 15y agoActually, lots of people think we shouldn't pay. More specifically, Millennials will need to decide at some point if they are willing to pay for the profligacies of their parents. Many of them rightly understand that they are shouldering a burden they neither asked for nor benefitted from.
- sethg 15y agoWe have to balance the budget in the long run, but this is a hare-brained way to make it happen. If anything, a default will make it harder to balance the budget in the long run, because if the markets get spooked into higher interest rates on T-bills, a greater proportion of tax revenue will have to be spent on debt service.