“’It is critically important that Congress act before the limit is reached so that citizens and investors here and around the world can remain confident that the United States will always meet its obligations,’ Mr. Geithner said in a letter to lawmakers.”
Ummm… Timmy. Don’t you realize that the more we get into debt the LESS confident people around the world will feel toward us repaying our obligations? It is like giving an alcoholic more booze in hopes that he will quit or at least moderate his alcoholism.
We got some bright ones now!
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