Comments on: Crisis-weary Americans tune out budget debate http://www.capitolhillblue.com/node/46593 The oldest political news site on the Internet Sat, 25 May 2013 00:21:13 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: David http://www.capitolhillblue.com/node/46593/comment-page-1#comment-234450 David Fri, 01 Mar 2013 01:48:59 +0000 http://www.capitolhillblue.com/?p=46593#comment-234450 “That too was the progeny of another moment of government-by-brinksmanship, a concession that in 2011 made possible the grand bargain that saved the U.S. from a first-ever default on its debt.”
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A completely false statement by this reporter, presumably due to ignorance, possibly due to deceit.

There was no need for default in 2011, there was no threat. Not raising the debt ceiling is not borrowing any more money. When you stop borrowing on your credit card, you are not defaulting on your debt. You just aren’t increasing it.

The US government had more than enough revenues to make their interest payments in 2011. And more than a trillion left over to fund itself even after servicing its loan obligations. Only if Obama and Congress deliberately decided to stiff their creditors and spend the money on other things would there have been a default.

]]> By: griff6r http://www.capitolhillblue.com/node/46593/comment-page-1#comment-234079 griff6r Wed, 27 Feb 2013 17:41:09 +0000 http://www.capitolhillblue.com/?p=46593#comment-234079 As is every thing political these days…Pure Theatre.

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