Fools

I conclude that many Congressional Republicans have been drinking the Kool-Aid of the libertarians to fatal levels.  They seem blindly deluded by "rational markets" to think that a default on the debt obligations of the United States of America is a bargaining chip they can use with Obama, that somehow "markets" will think that it's better for the long term and so a short term default is better than raising the debt ceiling in a clean, simple manner.

They are fools.  A default of even one second would forever taint the credit of the United States.  By intentionally refusing to pay on a timely manner what one owes means that the nation's "full faith and credit" means less; such words would mean, when we can agree and the nation's honor becomes a political bargaining chip to be squandered.  How could future lenders to America ever trust the nation unconditionally again?  Obviously the mold would be forever broken.

Pass a clean, simple debt ceiling increase.

Fight the battles over the appropriations bills and cut spending there,  If necessary, shut down the government and stop paying its employees.  Take a pay cut yourselves.

Don't play political games with our nation's honor and credit.

Word of the Day

"Minatory" - adjective [$10]
Minatory means threatening, menacing.
Sentence:  The looming, minatory prospect of a US default will weigh heavily on stock markets until cleared.