While it is true that the political/government/ruling classes will attempt to cause as much pain and dislocation to society as possible (they’ll be looking for political gains, as always), America can actually handle a debt freeze pretty easily. Here’s why, and how, from RedState.com:
Might Someone Please Educate Fox News and the Rest of the Media?
"Fox News has an article on its website about John Boehner’s remarks on raising the debt ceiling. But in this objective report there is a great and dangerous falsehood. The article, which has no author attached to it, reports
In order for the debt ceiling to rise, Congress must approve taking on more debt, which currently is growing by more than $4 billion per day. If it doesn’t approve raising the ceiling, then the U.S. will default on its loans and lose its standing as the globe’s most reliable bet.
There is no other way to put this than it is an out and out lie."
Read the rest of it HERE.
So…fair warning to Charlie Bass and Frank Guinta: Do the right thing, guys. Stop the insane spending. Now is your chance to get on record for it.