Maybe its brilliance, all they are doing is raising debt ceiling. This doesn't address immigration reform, gun control and other leftist agenda items. Perhaps digging in just long enough to get the Dems all worried about Gov completely shutting down, then raise the debt ceiling, then do it all again in six weeks.
Somebody please explain to me why it would REALLY be TEOTWAWKI for the U.S. to default?
1. The interest on the national debt is one of the largest line items in the national budget. Politicrats love to talk about "deficit reduction," but they don't ever talk about "deficit elimination." The fact is ANY budget deficit still means the debt increases ... just maybe not as much or as fast as it did the year before. Default on the debt, and it's a new ball game.
2. Other countries have done it to screw us out of repayments that were due to us. Why
shouldn't the U.S. default? Would it really be a BAD thing if a default were to result in foreign countries and entities being so happy to buy the United States? Would it really be a BAD thing to leave America for Americans to own?
3. How is defaulting on the debt significantly, inherently different from just printing more money with which to pay said debt?
I'm not real smart. Somebody help me out here ...