Quote:
Originally Posted by joeydb
Whatever zeros out new spending for a while and actually reduces the debt (not deficit - that would be negative by definition) is what should be done.
|
Not raising the debt ceiling has nothing whatsoever to do with preventing "new spending". Not raising the debt ceiling has nothing whatsoever to do with "reducing the debt".
Not raising the debt ceiling will increase our debt, as it will increase our interest rates permanently.