The debt ceiling will be raised. Nobody has any doubt about that.
This is raw politics--the Democrats need to establish that simply negotiating the subject at all will wreck the country, and that we need to raise the limit without any annoying discussion about why the damn limit has to be raised multiple times and why deficits still remain at the trillion-dollar level almost four years into a supposed "recovery."
The limit will be raised. Then a while later, it will be raised again. Then again, and again, and again.
Here's another chart:
Notice any depressing trends similar to the inflation chart? This is what falling off a fiscal cliff looks like.
By the way, the complete Bipartisan Policy Center presentation is here.
Current Events » in reply to Anyone who watches this video and responds the way TB has below needs a lobotomy.
Apparently some people have already had one.
The whole thread (18 posts)
- Ezra Klein reports on bi-partisan commission study on effect of breaching the debt ceiling.
- Anyone who watches this video and responds the way TB has below needs a lobotomy.
- Re: Ezra Klein reports on bi-partisan commission study on effect of breaching the debt ceiling.