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So your assertion is that the gun the GOP is pointing at the US economy isn't a big deal because the economy has a bulletproof vest on? Or you think that the D
by unethical_ban 3y ago
So your assertion is that the gun the GOP is pointing at the US economy isn't a big deal because the economy has a bulletproof vest on?
Or you think that the Democrats are to blame for not capitulating to a hostage-taker's demands?
I'm not a trained economist, so I can't weigh in on the "how big a deal is this really" conversation. But I know how the debt and the debt ceiling have been explained to me, and it sounds as though the "debt ceiling" should not exist. It is not a budgeting item. It is an arbitrary constraint that now only exists to allow the Republicans to play chicken with the world economy.
Want better spending habits? Want federal budgets tied to fiscal caps? Write a bill that requires debt to be factored into budgets at the budget building stage. No one should get to tell the Treasury to stop payment on things we've already told citizens and bondholders we would pay for.
Of course, building a budget on an annual basis is too much for Congress, too, which is why we should radically transform our federal government. Articles 1,2 and 3 need a rewrite. I digress.
- sremani 3y agoIt's basic leverage and negotiations. The GOP has to show their base they fought and hanged in there. Just like Democrats have to show that they stood firm. This is more or less PR stunt for respective bases and hoping other side would flitch to get a better deal. A last minute deal will be ironed out and everyone wins.. well except for future American citizens.
- unethical_ban 3y agoYou presuppose that posturing is never dangerous or immoral. Posturing that you are willing to nuke the economy is bad, even if it's fake.
- thsksbd 3y ago[dead]