Don't raise the debt ceiling

[Jetboogieman]

I just wanna see what would really happen :fueltofir

 

[justabubba]

there would be ONE positive outcome

the American public, dealing with the massive calamity that would follow an intentional default of American obligations, would remember which party precipitated such an event
it would end the republican party as a viable entity

that would cause my grand kids to eventually ask "granddaddy, what is a republican?"

every other outcome would be massively negative, however

 

[Slartibartfast]

there would be ONE positive outcome

the American public, dealing with the massive calamity that would follow an intentional default of American obligations, would remember which party precipitated such an event
it would end the republican party as a viable entity

that would cause my grand kids to eventually ask "granddaddy, what is a republican?"

every other outcome would be massively negative, however

Unfortunately though, the crazies would just reunite under a new name.

 

[justabubba]

Unfortunately though, the crazies would just reunite under a new name.

something like teabaggers after Obama was elected?

 

[digsbe]

something like teabaggers after Obama was elected?

Nah, they'd probably stay calling themselves Democrats

The fringe group sees the debt ceiling as more of a challenge to meet than a guideline to live by.

 

[Goshin]

We can't keep raising it forever.

Proof: Raise it immediately to 100 Trillion and see what THAT does to our credit and economy!

 

[Redress]

We can't keep raising it forever.

Actually we could. As long as debt increases at a reasonable level, we could deficit spend pretty much forever. That is sustainable. The issue is how much we are deficit spending.

Proof: Raise it immediately to 100 Trillion and see what THAT does to our credit and economy!

Not as much as you might think. The debt ceiling is basically just a credit limit. Our debt would still be the same.

 

[tessaesque]

We can't keep raising it forever.

Proof: Raise it immediately to 100 Trillion and see what THAT does to our credit and economy!

and immediate spending..."Free houses and cars for everybody!"

 

[tessaesque]

Actually we could. As long as debt increases at a reasonable level, we could deficit spend pretty much forever. That is sustainable. The issue is how much we are deficit spending.



Not as much as you might think. The debt ceiling is basically just a credit limit. Our debt would still be the same.

So is $4 trillion in 2.5 years a reasonable amount?

 

[ecofarm]

and immediate spending..."Free houses and cars for everybody!"

I don't think that would help. Too many Americans would pawn them to foreigners and spend the cash bowling.

 

[Slartibartfast]

I just wanna see what would really happen :fueltofir

Yeah, yeah, you are going to feel so bad when the US and world economy goes into a depression because of your trolling. ITS ALL YOUR FAULT!

 

[Deuce]

So is $4 trillion in 2.5 years a reasonable amount?

The stimulus package was temporary spending and revenue decreased due to the recession and Bush tax cuts. People seem to forget that there's more to deficits than spending...

 

[Ockham]

Yeah, yeah, you are going to feel so bad when the US and world economy goes into a depression because of your trolling. ITS ALL YOUR FAULT!

Ever think that's what the country may need --- apparently we as a people cannot learn our lesson. :shrug:

 

[Jetboogieman]

Ever think that's what the country may need --- apparently we as a people cannot learn our lesson. :shrug:

Well apperently NO ONE bothered to learn the lesson convienently until now.

Please do it!

Please!

I'm begging you, I wanna see what would actually happen, and all those Republicans kneel in shame at the disaster predicted.

 

[Deuce]

Well apperently NO ONE bothered to learn the lesson convienently until now.

Please do it!

Please!

I'm begging you, I wanna see what would actually happen, and all those Republicans kneel in shame at the disaster predicted.

Ahh, an accelerationist! I'm starting to lean that way myself.