Originally Posted by DementedLogic
Do you realize that the congress doesn't need to raise the debt ceiling to pay on the debt? You don't pay your credit card bill with another credit card. The debt ceiling is an issue of accruing more debt, not paying debt already owed.
Wrong. Why do you think the US credit rating got dinged? Because for the first time ever, there became a question about whether or not the US would pay its bills.