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Pat Buchanan Sums Up The Debt Ceiling Debate
07/08/11 22:15, by OGRE / (Jeff), Categories: Welcome, News, Background, In real life, Politics, Stimulus Spending, U.S. Economy, Financial Reform Legislation
This article goes a long way towards explaining what's really going on. Even still, Buchanan forgets to point out one of the most important facts. The nation doesn't default on the debt until we stop paying interest on the debt. The national equivalent of making the minimum payment.
The Republicans hold all the cards here. Republicans would show an amazing inability to lead should they cave on this. I only hope that the people we sent to Washington in November are indeed who we thought they were.
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