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| Re: Boehner walks away, gives up on debt negotiations with Obama (814604) | |||
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Re: Boehner walks away, gives up on debt negotiations with Obama |
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Posted by SMAZ on Sat Jul 23 00:18:51 2011, in response to Re: Boehner walks away, gives up on debt negotiations with Obama, posted by Chris R16/R2730 on Fri Jul 22 23:30:45 2011. If we default, 2012 will not matter anyway.The whole point of governance is to avoid that these things happen in the first place. Think about it: Congress appropriate monies for certain things (wars, general government, etc) and cuts revenues in the process. So they pass these bills with deficits already in them. Money gets loaned to them for this purpose by the markets and by individuals. They then refuse to authorize the borrowing authority to pay for the commitments that THEY themselves authorized over the last 30 years even though the markets are more than happy to lend at rock-bottom rates. Is that a nation that anyone should still take seriously? 2012 no longer matters. Might as well head to the local HS debate team tournament for shits and giggles. Governments were for governance and they forfeited the only responsibility they had been given. |
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