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?

The GOP showed they can destroy the US economy by preventing the government from raising its debt ceiling. So stocks fell.
But the government can do many things. It should think out ways to increase revenues and spending. Even if spenging cuts lower the rate of growth, the economy can grow. Military spending is not productive. When the government reduces the defense budget, the economy will not be damaged.

When stocks fall, people's assets depreciate. So the economy is damaged. Obama should not surrender to the GOP.

The ECB has started to buy large quantities of government bonds. If government bond yields are sufficiently lowered, the debt crisis will be over.