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Old 07-15-2011, 10:23 PM
DenvilleSteve DenvilleSteve is offline
 
Join Date: Nov 2006
Posts: 1,460
Default Re: The Week in Blog: Pray Away the Debt (Elise Foley & Matt Lewis)

Quote:
Originally Posted by Don Zeko View Post
McConnell may be pushing his breathtakingly cynical debt ceiling proposal for obviously political reasons, but I think he's being far more responsible here than Eric Cantor or the average Tea Party Republican. Just to review, the R's are threatening to create a government default out of thin air that would push the financial markets back into free fall in order to accomplish their long-standing partisan goals....
When you start making things up, I think that means you have lost the argument. The tea party folks think the country should no longer deficit spend. We can pay social security and make debt payments with existing revenue. Simply cut other spending to the degree necessary to not have to borrow anything.

That said, republicans in the house are irresponsible for passing spending bills like the Ryan budget ( which calls for deficit spending), and then don't authorize the debt increase. The tea party opposes the Ryan budget which calls for deficit spending and it opposes an increase in the debt ceiling.
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