jitts3
Well-Known Member
Is it just me or am I the only guy that believes that the only way to stop this Govt from spending so much money is to not allow them to borrow another red cent.
It is my belief that they will not default in the debt should the debt ceiling not be raised, but they will be FORCED to make ACTUAL cuts. Also if they decide to allow a default by funding pet projects and not debt payments, that would stop them from ever borrowing money for a LONG time. Again, how is that bad?
Looks like we are getting a credit downgrade no matter what at this point.
But in the end, where is the "End of the world" they speak of. I just don't see it.
Ok boys, have fun on this one!!:smt101
It is my belief that they will not default in the debt should the debt ceiling not be raised, but they will be FORCED to make ACTUAL cuts. Also if they decide to allow a default by funding pet projects and not debt payments, that would stop them from ever borrowing money for a LONG time. Again, how is that bad?
Looks like we are getting a credit downgrade no matter what at this point.
But in the end, where is the "End of the world" they speak of. I just don't see it.
Ok boys, have fun on this one!!:smt101