Sane conservatives on why we need to raise the debt ceiling
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 [...]