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Old 10-02-2013, 02:41 PM   #27
Jim in CT
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Join Date: Jul 2008
Posts: 20,435
Quote:
Originally Posted by spence View Post
Remember this was pre-recession when the economy was still doing pretty well riding that cheap credit wave. The implications then appeared much less severe than today.


Back then the Dems were advocating pay-go. Situation was certainly not the same...

-spence
Can you support that statement please? Do you have any support for your contention, that the consequences of US default would be worse today than in 2006? We had two engaged in two wars in 2006, so presumably we couldn't grind to a halt then?

You keep moving the goalposts. First, Obama couldn't have known about the necessity of raising the ceiling in 2006, because he was only a Senator. Now, it's that Obama was correct to oppose raising the debt ceiling back then, because unlike today, it didn't need to be raised.
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