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?

Stocks began to fall sharply in October 1929. But the US government did not take effective measures. Its idea was laissez-faire. Austerity measures may be worse than  doing nothing. The US economy continued to contract rapidly until 1933.

The Roosevelt administration increased spending greatly, and carried out good policies. So the US economy recovered from the Great Depression. The Second World War removed tariff barriers, and the US economy grew remarkably.

Many people learned from the Great Depression, so many countries increased spending in the end of 2008. The international community has been trying to increase trade.

When the economy is in good condition, the government can reduce spending. But the US economy is not in very good condition. Spending cuts do not reduce the national debt. If the economy slows, revenues decrease. When the econmy grows and revenues increase, the national debt decrease. What is important is to grow the economy, not to reduce spending.