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Economists are unanimous in their opinion that the U.S. defaulting on its debts -- that's what this means in plain terms -- would be catastrophic for the world economy. The young ones in the House don't care. They're on a mission. They're like the zombies in horror movies.. >
>As private citizens, if we cannot pay our bills we do not raise our credit card limits so that we can borrow yet more. Why should the federal government?
I agree with you. Cut spending instead;
For instance they could stop wars in Iraq/Afganistan, downsize overgrown military to a more civilized level (hence no more threat from USSR), downsize on degenerated/runaway security agencies (CIA/NSA/HLS & likes), cut funding/military aid to belligerent regimes around the world, maybe even sell out few irrelevant army bases. (out of 737)
Cutting bread to a hungry / medicines to the sick / salaries to the teachers / child support to. /./., which basically they all have in mind
(Congress&Senate,Reps&Dems) is simply not enough. (Never mind being totally sick/disgusting even as idea)
Nobody asks them (yet) to sell Alaska back to Russians {g}, but if they continue spending as if there is no tomorrow, default on US gov. bonds looks very much inevitable. Once that happens, you will hear, 'remedies' like this in a much more serious places then
UT chatter.
On a good side, selling Alaska back to Russians would definitely prevent Sarah Palin of ever becoming US President. {g}