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Goodheart

(5,324 posts)

4. You need to re-read what I actually posted.

Reply to hlthe2b (Reply #3)

Fri Sep 24, 2021, 07:32 AM

Sep 2021

A statutory debt ceiling? Just act like it doesn't exist. Carry on as usual. The ACTUAL (vs. statutorily declared) debt ceiling would automatically become whatever we're obligated ourselves to. Send out the checks. Pay the bills. The US would not default, the economy would not suffer.

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My suggestion to Dems for handling the debt ceiling: IGNORE IT [View all] Goodheart Sep 2021 OP

I don't think we have control over that. Patton French Sep 2021 #1

Why would there be a default if you pay the bill without a declared "debt ceiling"? Goodheart Sep 2021 #6

Where is the money supposedly coming from? We have to service the debt we already have!!!! hlthe2b Sep 2021 #15

Yes, exactly. (n/t) Patton French Sep 2021 #17

As illusory as the concept of money is Patton French Sep 2021 #18

It doesn't work that way. mahatmakanejeeves Sep 2021 #2

I don't follow your point. Goodheart Sep 2021 #5

If I have no money and default on my debt, who the hell do you think is going to lend to me? hlthe2b Sep 2021 #14

Really? "U.S. default this fall would cost 6 million jobs, wipe out $15 trillion in wealth" WAPO hlthe2b Sep 2021 #3

You need to re-read what I actually posted. Goodheart Sep 2021 #4

You wouldn't happen to have been issued a driver's license, would you? mahatmakanejeeves Sep 2021 #9

THAT is so NOT true. hlthe2b Sep 2021 #11

Tell that to democratic constituents who won't get their Social Security checks post-default. no_hypocrisy Sep 2021 #7

What? Goodheart Sep 2021 #8

Where the hell do you think the money is going to come from? Someone has to fund the debt hlthe2b Sep 2021 #12

I'm stunned. stopdiggin Sep 2021 #10

Ditto. hlthe2b Sep 2021 #13

Any other laws we can ignore at will? brooklynite Sep 2021 #16

That's the second time I've seen that here. Hard pass. FBaggins Sep 2021 #19

On the whole, it's not "Dems" who control the bank accounts, and would face the consequences muriel_volestrangler Sep 2021 #20

The debt ceiling is unconstitutional per the 14th Amendment meow2u3 Sep 2021 #21

This is a unique interpretation. NT mahatmakanejeeves Sep 2021 #22