Originally Posted by alnorth
no, the debt ceiling is an idiotic device under any circumstances whatsoever.
If congress wants to cut spending, they should just F'ing cut spending. If they refuse to do it, then the bills have to be paid.
Yes I actually do agree with that. I guess it's just frustration on my part. I really don't see any other way to slap these idiots into sanity. Do you?
Ruin the country's credit by not servicing debt or go bankrupt ala Greece? Which is the longer term risk? Maybe another tick down in the country's credit rating will get their attention before a real depression hits.