Monday, May 9, 2011
Playing with Fire and the Global Economy
I commissioned this from my friend Harold. Click on the image to go to his site.
If you don't think that using the debt ceiling as a hardball negotiating tactic is like playing with fire or if you're not sure exactly what the big deal is, read this CNN article. It's pretty politically neutral:
http://money.cnn.com/2011/01/03/news/economy/debt_ceiling_faqs/index.htm?iid=EL
The short of it is that if we don't deal with it and default on our debts, we "could cripple the economy and send world markets into a tailspin."
Even Boehner says that it would be irresponsible to default on our debts:
http://money.cnn.com/2011/05/09/news/economy/boehner_deficits/?section=money_latest
The debt and the budget process do need to be dealt with - seriously, strongly, and swiftly. However, this is the wrong tool to address them with.
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