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Senator Coburn Rocks

smitty_one_each (243267) writes | about 9 months ago

User Journal 4

http://www.businessinsider.com/tom-coburn-debt-ceiling-government-shutdown-default-2013-10

http://www.businessinsider.com/tom-coburn-debt-ceiling-government-shutdown-default-2013-10

"The debt ceiling has never not been raised, so there is no debt ceiling," Coburn said on CNN's "New Day."
"And by having a debt ceiling and then raising it every time, it allows the politicians off the hook for making the hard choices. Iâ(TM)d rather have a managed catastrophe now, which I donâ(TM)t think will be there."

So I guess we just have to pass the debt ceiling to see what's in it.
When the parade of horribles does/doesn't show, I hope that both parties step up to the plate and, you know, negotiate.

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4 comments

Default is a choice (1)

pudge (3605) | about 9 months ago | (#45084153)

We all need to be told by the press the fact that default is a choice. There is no possibility that we will be forced to default by refusing to raise the debt limit. We have more than enough revenue to cover all our debt service and mandatory spending without running into the red. Even Obama admitted this in his press conference yesterday: he said (paraphrased) "some people say we won't default because we have enough to pay bondholders, but there's other bills too, like Social Security. ..." But those do not result in default ... and we can pay them all anyway.

For heaven's sake man: this is a bureaucracy (1)

smitty_one_each (243267) | about 9 months ago | (#45085413)

You just go get MOAR money. You don't actually manage or make difficult choices; those are for private sector stiffs.
There is a real danger that some of the vote-buying schemes could potentially be interrupted (e.g. Pigford).
This. Will. Not. Do.

Re:For heaven's sake man: this is a bureaucracy (1)

pudge (3605) | about 9 months ago | (#45085835)

You're a funny man, but seriously, why the hell do people actually believe the lies that we would ever default just because we can't raise the debt, when Obama and Lew and others are even admitting it's not true? Of course, they weasel it, so it sounds like they are saying we will default when they are saying the opposite, including -- within the same sentence sometimes -- using the word "default" in two very different ways (default on our actual debt obligations, vs. defaulting on our "obligations").

Re:For heaven's sake man: this is a bureaucracy (1)

smitty_one_each (243267) | about 9 months ago | (#45087521)

Why? The ear is a piece of flesh, and hears what it will, and passes the sound on to the hormones.
Intellectual engagement takes effort, and is purely optional.
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