By Justin
Every good Presidential candidate hopes their vision of the future catches fire and propels them to greatness. Some write books. Some spend all their time in New Hampshire. Some just have the right last name. Sadly, these things never occurred.
So I am withdrawing from my fake presidential run. It seems, like Newt, I failed to 'ignite the base' or 'reach for the middle'. Now some will say that Energy and National Defense weren't really the best topics to start with, if debate and fire is what I sought. They might be right, but in my political world if you can't get fired up over a good "clean coal" debate, then we really shouldn't discuss civil rights and the role of faith in society.
So go back to CNN and listen to the hours and hours of nonsense and talking heads who have neither the ability to affect change nor the real answer, just a hypothetical of what might occur should something else occur in Congress.
And for the record: in the short term the end of the world and the value of the American dollar will NOT disappear on August 2, should we have a fictitious 'default' on our debt. Besides August 2nd was an estimate made by a political appointee, the Treasury Secretary. And the same department gets to decide if we don't pay our debt or don't pay our electric bills or don't pay Congress. So saying we default on our debt is saying it is our only payment due, which we all can attest, is not the case. So lets stop the nonstop stupidity on CNN, pick a few things we shouldn't be paying for anyway...and get a deal done that really does put the good ole USA in better hands going forward.
3 comments:
Since the entire global financial system based on the risk free rate of ten year t-bills, the situation could be a tad more impactful than implied.
Maybe so, but I agree that less CNN retoric and more common sense would produce better results.
I'd argue that since the entire global system is based on the ten year t-bill the likelihood that we 'default' is amazingly low. More likely that we don't pay Boeing to build more military aircraft that we probably don't need or that we let the poor people fend for themselves. That policy has mostly worked till now anyways.
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