Apr

24

The idea that not raising the debt ceiling should mean anything other than good news to the financial markets is a naked lie as those who are then faced with no ability to borrow can chose to spend the remaining over 50% of the budget (still) any way they want. This is like an alcoholic who works but also gets welfare claiming that if the welfare is cut he'll have to default on his mortgage without saying that his alcohol bill is larger than the welfare payment.


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