Raising the Debt Ceiling

Tea partiers, What the fuck is wrong with you? You're about to cause the US treasury to default on its loans. Isn't that exactly the kind of shit a fiscal conservative would want to prevent?

>>57
>>57


becuase you have a finate time to pay back your debts, i.e. before you die, but the nation is not limited by 70 years, it can keep rolling over its debt as long as other countrys are willing to loan it that money, so barrowing more money is not as big a deal as between human beings, the scale of time is so much larger.

if our national debt increases, this does not necescarrily lead to a increase in intrest rates, and in fact, has not generally in the 20th century.