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Raising the Debt Ceiling

Name: Anonymous 2011-07-23 2:08

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?

Name: Anonymous 2011-08-13 23:15

>>88
Fact #1: Myth.  Debt is not bad, bad debt is bad.
Fact #2: Disingenuous.  You could have used the money you're using to pay interest on other things, but the reason you're paying interest is that you already spent said money on said other things before you had it.
Fact #3: True, but hyperbolic.  The US was nowhere near being unable to afford to pay its interest, other than through its own stupidity in having a debt ceiling.
Fact #4: Gee, I don't know, does "the economy will be permanently and irreperably fucked if you do" count?
Truth: It turns out that country-level economics do not work the same way as balancing your checkbook.

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