Their argument: if we do not increase the debt ceiling, it will be a disaster of monumental proportions.
Anyone see the disconnect? What does their response have to do with cutting spending?
But, let's think about their ridiculous comment. Refusing to increase the debt ceiling has nothing directly to do with paying our debt obligations. In fact, we will not forfeit on our debt obligation, period. There are no serious economist who disagree. It is exactly like your own budget crisis.
You do not have enough money to go around. You might have to sell the car and maybe a kid or two, but keeping the house payment current is critical and something that can be done, even if you have not increased your own, personal, debt ceiling.
Ditto for our national problem. WE decide what bills we will pay if we can no longer borrow money. WE make that decision. If we do not increase the debt ceiling, our ability to borrow money will come to an end. Why anyone honestly believes that this necessarily means that we must forfeit on our debt payments is beyond me; in fact, it is nothing short of a very stupid lie.
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