Friday, July 22, 2011

Sane conservatives on why we need to raise the debt ceiling

The main fault line in American politics these days is not between liberal and conservative. It's between conservative and bat-shit crazy.

Conservatives have been raising the debt ceiling for years. Now suddenly right-wingers want to take the world economy hostage by threatening not to raise it. This is crazy, and weakens America.

Thank you conservatives, for speaking out against this nonsense:
Sane conservative economists recognize that not raising the debt ceiling on August 2nd would be a disaster. Sane conservatives understand that the ratings agencies will lower our credit rating if we won’t raise the ceiling, and that we have almost $500 billion in maturing treasuries that we need to roll over in August alone which, as UBS argues, is a problem [...]


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