Quote:
Originally Posted by JU_88
yeah but at what cost? risking a default of the worlds largest economy and issuer of the worlds reserve currency?
Talk about cut of your nose to spite your face....
I don't know how Obama care is being funded, and I REALLY don't get the thinking behind any increased expenditure when you are already 16+ trillion in the red.
But IMO Anyone still obsessing about Obama care or any other partisan garbage at this stage of the game could really use slap in the face.... with a chair. (given what is at stake here)
I'm not saying its best to just kick the can down the road indefinitely. Sure you need to pick the can up and fix it, but kicking it over the edge of the cliff will be a disaster.
The debt ceiling needs go up and then controlled cuts need to be made, that is the only sensible option in my mind.
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The problem is Obamacare will be a big economic disaster for the US in it's present form. The other problem is we always kick the can and will continue to do so. Obama has no give as of yet.
No doubt this is a political chess game setting up the next election cycles. In reality we know neither party will fix the debt.
If the Tea Party wasn't full of a bunch of radical religious nuts, they would grow and take over.