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1 Timmeh  Sat, May 21, 2011 8:44:38am

I’m sure it will be raised. The question is what poison pills will be included in it.

2 watching you tiny alien kittens are  Sat, May 21, 2011 9:20:11am
*So simple a wingnut could understand it.

But, but, that isn’t what Rush and Glenn said would happen, he is lying!
Goshdarned partisan media and all their doomsday scenarios!

///*you would think so wouldn’t you? But they wont.
Already the comments in wingnuttia make that very clear, they want a default because…

1. Default.

2. Uhh…cuts or something.

3. ???

4. Smaller Government!11!!!

3 elizajane  Sat, May 21, 2011 10:25:31am

This little video should go viral. But it won’t.

The debt ceiling “debate” is a particularly dangerous instance of the ideologues playing to the stone ignorance of their audience. Presumably they have all their money invested in gold so they don’t care if the stock market tanks and the dollar plummets; but can they really not care if the entire economy goes back into recession? Is it worth that much to get their base riled up against government spending?

The sidelines here are filled with educated economists screaming “Oh my God! Stop! What are you doing??” like a whole gang of Cassandras. Nobody in the world of what passes for political discourse pays them any attention, because nincompoops like Toomey or even Beck make better copy. We are left hoping that Wall Street will be able to halt the speeding train before it becomes a complete trainwreck…

4 steve_davis  Sat, May 21, 2011 5:44:03pm

re: #3 elizajane

I’ve never understood the gold bugs. What do they honestly think they’re going to do with their gold? Do they think if the economy crashes they’re going to wander down to the grocery store and find someone there who would actually know what to do with a 50-dollar gold piece? First, it isn’t actually worth 50 dollars. Second, there’s no place in the cash register to put gold coins, even if the store were willing to accept non legal tender.

5 simoom  Sat, May 21, 2011 5:46:59pm

Hey, it’s the chief economic policy adviser to Sen. McCain’s 2008 presidential campaign. Anyone know what the original source of this was — something to convince a Right audience?

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