Quote:
Originally Posted by spence
The debt ceiling fight is silly. It's not a vote to spend more money...but rather pay for what we've already spent.
Threats by the GOP to deny lifting it are hollow, it has to go up or we default which would do far more damage to the economy. Instead the GOP should embrace it and work constructively towards long-term structural savings rather than make beltway theater.
-spence
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"Threats by the GOP to deny lifting it (the debt ceiling) are hollow"
Spence, what did you think when then-Senator Barack Obama said it was "unpatriotic" for Bush to continue to ask that the ceiloing be lifted? Just curious...
"it has to go up or we default which would do far more damage to the economy"
I agree it has to go up to pay for what we have already spent. But doesn't the spending need to be addressed? Especially when the spending is (1) at record levels, and (2) not improving the economy?