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I loved the whole mess created by the debt limit debate. It was a perfect example of a democracy in action. There was finger-pointing, name-calling, and ridiculous claims made by both sides.
But the idea that America has somehow debased itself in the eyes of the world is nonsense. Growing up I lived in several countries where political opposition was either nonexistent or barely tolerated and there was no free media. This whole process was a perfect example of a large, mature democracy working it's way through a problem.
For weeks Americans were exposed to the arguments on all sides of the issue, no one party had a monopoly on the truth. And people need to understand that our entitlement state is drastically underfunded and at the moment the US no longer fully controls its own financial destiny...how long will others be willing to lend us money?
It wasn't fun, but IMO it was a discussion the country had been putting off, but it needed to have.
OP: I understand your intent but, to me, there was not much "debate" since one small section was standing with the fuse lit and ready to blow everything up. It was fiscal and constitutional terrorism by a small group of t-loons. It is amazing how poor a "negotiator" Obama is.
OP: I understand your intent but, to me, there was not much "debate" since one small section was standing with the fuse lit and ready to blow everything up. It was fiscal and constitutional terrorism by a small group of t-loons. It is amazing how poor a "negotiator" Obama is.
The only problem with this reasoning is Obama and Congress had the opportunity to settle this months ago. But Obama's m.o. is brinkmanship. He likes to wait till the last minute, tries to panic the public and the markets with sonorous declarations of a crisis and then demands Congress follow his will.
But this is a democracy, as much as he wants to be, he's not a dictator. 2010 didn't happen in a vacuum. People put the Tea Party into office for just this sort of thing.
Obviously neither you nor Joe Biden know what terrorism really is (which says something scary about liberals, but that's another thread). This was a wonderful example of fiscal and constitutional responsibility.
Higher interest rates will be inevitable. You really think other countries will want to keep lending us money when we keep devaluing the dollar?
it never stopped them from borrowing before, i don't see why it would be an obstacle now. what large economy doesn't devalue its currency?
and yes, we will have higher interest rates in the long run, but in the long run we are all dead. The only way I can see rates rising, is if American wages rise.
The only problem with this reasoning is Obama and Congress had the opportunity to settle this months ago. But Obama's m.o. is brinkmanship. He likes to wait till the last minute, tries to panic the public and the markets with sonorous declarations of a crisis and then demands Congress follow his will.
But this is a democracy, as much as he wants to be, he's not a dictator. 2010 didn't happen in a vacuum. People put the Tea Party into office for just this sort of thing.
Obviously neither you nor Joe Biden know what terrorism really is (which says something scary about liberals, but that's another thread). This was a wonderful example of fiscal and constitutional responsibility.
T-baggers budged on almsot nothing. Some "debate" and compromise. They were holding the country hostage - it is nothing but terrorism. You are entitled to your opinion, as I am to mine. Wanna bet if W was in charge, none of this would have happened? Count Cheney said "deficits dont matter" and we raised the ceiling 7 times under W - what changed suddenly (rhetorical question - dont bother to answer)?
ETA: I had voted for W the first term, and consider myself to be an independent, but the way Rs are going, I am done with the Rs till they restore some sanity to the party. Not that Ds are all that great either - but they are lesser of the 2 evils now.
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. They were holding the country hostage - it is nothing but terrorism. You are entitled to your opinion, as I am to mine. Wanna bet if W was in charge, none of this would have happened? Count Cheney said "deficits dont matter" and we raised the ceiling 7 times under W - what changed suddenly (rhetorical question - dont bother to answer)?
