And yeah, there would have been no default, because even many of the Republicans realized that the damage that would have been caused would have been irreparable. Luckily, their stunt only cost 24 billion.
And yes, I said stunt. Coming to a negotiation with a threat of "do what we want or we will shut down the government and assure all of our loans (etc)are not paid is a threat.
But since you want to equate this to what they call "kitchen table" budgeting, let's go with that....I don't know about you, but I don't sit around my kitchen table with the wife, and say 'well honey, we are maxed out on our credit cards, and we need to spend more that we can't pay back now, so let's get that increase in limit'....And when she says hell no! I simply call her a "hostage taker", and "domestic abuser" and shame her into digging deeper into debt that we already can't pay back eh? That's your solution? Really?
That is called "Bankruptcy"!!!!!
I don't get it, and I mean this sincerely, if we bring in $260-billion every month in tax revenue, and pay $25-Billion in juice each month, wouldn't that mean that if we only pay the juice on the debt, we would have only$2.82 Trillion dollars to spend each year? I am no mathematician, but I think that is right. A trillion is equal to a 1000 billion right?
So, if I am right, that means if we only pay the minimum on the credit card, we would end up around $1-Trillion short in revenue to pay our bills without a raise in the debt ceiling. And this would not lead to default how? I mean within a few months we could be is some deep shirt, or am I wrong? Again, I am pretty much a moron, so can someone explain to me how this would help our country, our economy, and the world?
But what I find puzzling is that some prefer to take the food out of babies mouths, cut education and/or infrastructure before we cut-off aid to foreign countries that aren't worth pissing on or closing tax loopholes (or outright hard-cash subsidies,) to some of the most profitable industries in the country.
I think we all agree that the spending needs to be cut. It's WHERE we cut that has the people divided.
It's GREAT to be me. --- "45% liberal/55% conservative"
Diplomacy is the art of saying 'nice doggy" until you can find a gun.