Thread: Economics The Debt Ceiling Approacheth
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Old 01-14-2013, 08:50 AM   #101
BucEyedPea BucEyedPea is offline
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Quote:
Originally Posted by FD View Post
Failing to raise the debt ceiling wouldn't cause a government shutdown, at least not how we traditionally use that term. It would cause a catastrophic default and massive recession. While most Republicans in the House do seem to find this option acceptable, there is no way Boehner does. In the end, I think he will blink.
We're already in a recession bub. Actually, make that a Depression. But if these got worse, which they may anyway, that's just the correction that is needed. Then we start over again.
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