Originally Posted by Meck77
Having paid off several million dollars in real estate loans in my lifetime I understand how debt works dude.
Maybe I'm just old school and don't believe in running life or in this case our government off a credit card. Cutting costs to you and our government isn't a concept that is understood or practiced.
Ok you win. Everything is fine.
I didn't say everything is fine, just pointing out that holding the debt ceiling hostage doesn't have any impact on spending. The debt ceiling gets raised to honor spending commitments that have already been made
, often years earlier. In other words, failure to raise the debt ceiling won't prevent spending, it will prevent us from paying our bills. It's a dead-beat move, not a fiscally responsible one.