Tuesday, May 10, 2011

Debt Ceiling

Don't listen to the people who don't want to raise the debt ceiling. Even the appearance of default by allowing our debt to hit the ceiling will suffice to put us on the crash course toward major global depression, probably on a scale worse than the Great Depression.

It's disgusting how Boehner is using Republicans' and Tea Partiers' own ignorance on the matter, "threatening" to not raise the debt ceiling unless massive spending cuts and no tax raises happen. It's possibly the most hollow threat I've ever heard. So hollow it has no effect on investment markets because they know he's full of shit.

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