The Debt Ceiling

We live in scary times where the dumbest of the dumb appear to be the ones in control and the intelligent and informed are shouted down. Made up history, made up facts, made up laws, made up constitutional wording, have all become facts to the lemmings who are too stupid or too young or both to recall history as it really happened.

The profoundly stupid things being said by the Republicans about the debt ceiling is extremely scary so I'd like to remind them of what their hero said about the debt ceiling:

Congress consistently brings the Government to the edge of default before facing its responsibility. This brinkmanship threatens the holders of government bonds and those who rely on Social Security and veterans benefits. Interest rates would skyrocket, instability would occur in financial markets, and the Federal deficit would soar. The United States has a special responsibility to itself and the world to meet its obligations. It means we have a well-earned reputation for reliability and credibility – two things that set us apart from much of the world.

If they allow the United States to fail to pay its bills by not raising the debt ceiling our economy will make will look so bad the Great Depression will be viewed as good times.