@Phil@freeatlantis.comThe debt ceiling stuff is interesting. Continuing to just raise it without reigning in spending is national suicide by a death that is slow in coming and then very sudden. Refusing to raise it has the same result but sooner. Since disaster is inevitable, I thing the Republicans should hold fast. I'd rather have the consequences now than leave them for my kids.
Putting the Federal Govt into a semi-permanent suspension wherein it is unable to spend money would be generally good for the economy because real value will stop being drained out of the economy and redirected to desk-pilots. So there's nothing really wrong with it. In the end the USD always collapses because neither Ds nor Rs can resist the temptation to print money. It is what it is.