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Old 07-23-11, 01:03 PM   #7
joegrundman
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it's hardly the same thing as in the UK.

the UK is ultimately just a bigger version of Greece. It can get away with this stuff.

The US is different.

You default, the whole western project is in great danger. The US cannot survive in its present form with a default.

It amounts to pure robbery of China, and you cannot be the country you are and do that.

It is time to grow up and do the right thing. Raise the debt limit. Then argue like hell about how to pay off the debt.

You have to accept the Democrats are the legitimate government of the day so they have to be allowed to have the deciding vote. The repubs can argue against it, win the next election and put into effect THEIR plan for deficit reduction. But in the meantime they must not crash the car rather than let the dems drive. That's how democracy must be allowed to work.

If you don't do it you a) seriously risk the economic foundation of the western system (and europe is not presently in a position to pick up the slack) and b) you demonstrate the fundamental weakness of democracy as a long term system at a very important time in the world-historical trajectory.
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