Rising Hegemon
Idiocy and a people acting against their own interest.
Two in three Americans now favor defaulting on the U.S. debt and sending the global economy into a tailspin, throwing millions out of work. Reuters: "The U.S. public overwhelmingly opposes raising the country's debt limit even though failure to do so could hurt America's international standing and push up borrowing costs, according to a Reuters/Ipsos poll released on Wednesday. Some 71 percent of those surveyed oppose increasing the borrowing authority, the focus of a brewing political battle over federal spending. Only 18 percent support an increase...
First off, I'm guessing the question wasn't couched with the additional information, "...even though failure to do so could hurt America's international standing and push up borrowing costs...".
But I'm guessing that little information nugget is the first time people have been informed that would be the result. Some things are so self-evident they are not discussed much by rational people, leaving only the irrational to drum up the noise.
4 comments:
Letting the irrational control the debate isn't limited to the national debt, and yeah, I wonder how alleged journalists can go to sleep knowing full well how they've abetted this sort of lunacy.
And then I realize what passes for journalist these days -- Chuck Todd, Savannah Guthrie, Luke Russert -- we're screwed...
happens when you are no longer informed, but inflamed by the gnews.
USA can declare bankruptcy, right? RIGHT?!?
Did anyone tell them that this would pull our economy into the gutter too? I expect not.
I wouldn't consider myself ignorant and yet, I don't necessarily support raising the debt limit. How are we supposed to motivate people to fix the economy if they don't suffer?
Unless America experiences actual consequences for its ridiculous spending levels over the last few decades, the elite will simply continue to grab a greater and greater share of the wealth and America will slide further and further toward a banana republic.
If staying firm on the debt limit means degrading our international fiscal standing, I say SO BE IT. We deserve that.
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