Republicans are not worried about the "debt" ceiling.
Why is it that "cascading" effects on the "banking system" can be appreciated, but a even more dire, "cascading" effect on the US Middle Class isn't taken seriously?
Given so much semantic confusion, let's try to sort out a simple message for newcomers.
What kind of electorate and "leaders" think that zero increase in public initiative is a good thing?
Yet that is exactly what our politicians all agree upon.
Public initiative means fiat
which means selective actions,
which are denominated with fiat currency when and as needed.
So, a "balanced" fiat currency budget means no increase in currency supply for a nation that can't stop it's organic growth.
That means everyone that actually needs more currency, probably won't be able to get enough of it. That's a heckuva monkey wrench to throw into the wheels of national commerce!
What kind of country wants LESS for it's citizens?
Apparently, we're about to find out.
Many argue - and assume - that we can cut out all the waste, and not cut anything essential.
That's true, in theory.
Yet in practice, if we actually COULD do that, we WOULDN'T be having this discussion in the first place!
So if we negotiate cutting everything "fairly," whether essential or not ... it could get VERY ugly, very quickly. And, we'll still have the same confused people, before, during and after the whole, arbitrary exercise. Physiological shock can trigger an uncontrollable shutdown spiral and bodily demise. Cultural and market shock can do the same to our economy. This is NOT the sort of thing we want to try on a whim.
Warnings are that the USS Stupid is going down!
Warnings are that the USS Stupid is going down!
