Yes. We passed the limit today. According to Geithner, we can go a little longer.
But my question is, why?
When everyone who's a financial genius is warningus of the consequences?
Republicans too!
Is it really worth destroying the country to make a fucking point?
You've already seen my answer.
But Obama did the same thing. Was he on the verge of destroying the country?
It's interesting, the effects of banging our heads on the debt ceiling are pretty much the same effects that would arise from bond market armageddon, when we can no longer get financing because the bond market no longer believes that we have the ability to make good on those bonds, but you've shown little interest in
that issue which is the more severe one.
Why? Because the debt ceiling problem can be corrected with a simple vote. Bond-mageddon* can't be. Once it hits, we're Greece/Spain/Ireland all wrapped together, probably for decades.
*I just made that up! Redneck trademark... I need to get this in the mail to mail to myself right away!
