http://www.huffingtonpost.com/2011/07/26/death-to-the-debt-ceiling_n_909738.html?ref=twJason Linkins
Death To The Debt Ceiling Negotiations!- snip -
And to that, I say: fantastic! Fie on a "debt ceiling deal!" A pox on "debt ceiling negotiations." Every day without a debt ceiling deal is like a day with sunshine -- or, rather, for heat-submerged East Coasters, it's like a day without sunshine. The failure of President Barack Obama, Speaker John Boehner, Senate leader Harry Reid, and all of the affiliated hangers-on and secondary characters to arrive at some sort agreement to make cuts/add revenue is a great net result for America and for all American citizens. I hope there is never a "debt ceiling deal," and so should you.
Right about now, you may be forming some objections to this. "But, Jason," you may be thinking, "that's just irresponsible to say. Without a debt ceiling deal, we will default on our obligations, and this will touch off a daisy chain of global economic destruction. The only way to prevent that is to hope that all of these people start acting like adults and make a deal." Believe me, I understand your concerns. But they're based on many months of the media, wearing away your capacity for logic with day after day of misallocated journalistic resources.
So, it's time for a little bit of cult deprogramming. The failure to reach a debt ceiling deal will not result in a default. It's the failure to raise the debt ceiling that will do that. And the debt ceiling deal is not the way to ensuring that the debt ceiling gets raised. The ongoing negotiations are the primary impediment to the debt ceiling being raised. The best and most effective way of ending the uncertainty and the worry that economic turmoil is poised to unleash itself at any moment is to immediately call an end to the debt ceiling negotiations.
Let me repeat that: The best and most effective way of ending the uncertainty and the worry that economic turmoil is poised to unleash itself at any moment is to immediately call an end to the debt ceiling negotiations.
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