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View Diary: Why The Debt Limit Fight Will Be A Political Face-Off With No Gimmicks Or Constitutional Crisis (208 comments)

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  •  Yep (3+ / 0-)
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    Gary Norton, divineorder, elwior

    For a government to spend money that it may have to borrow to pay for it but that it doesn't necessarily intend to pay back is to declare to the world that it's word and credit are no good and that only a fool would do business with it on credit. Instead of ignorantly comparing us to Greece, Repubs would effectively turn us into Greece, like a deliberately self-fulfilling prophesy.

    This seems almost martial law territory, or something to that effect.

    "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

    by kovie on Mon Jan 14, 2013 at 12:53:36 PM PST

    [ Parent ]

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