Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Actual left/right wing discussion -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (9969)	7/29/2011 11:20:12 PM
From: TimF	Read Replies (1) \| Respond to of 10087

However, forcing Treasury and the WH to prioritize cash disbursements, shutting off the spigot to roughly 40% of federal spending, would be highly disruptive at best. And unfortunately, due to the short-sightedness of a couple dozen or so members of the House, the GOP is now positioned to shoulder the entire blame for it. Yes I think it would be too sudden to be practically good (except in the very long term), and way too sudden to be politically good. I don't think it would be so horrible as to make continuing to pass "clean bill" debt limit increases, that allow spending to explode upwards until fiscal collapse a better alternative than taking any risk at all that the debt limit isn't expanded and spending is forced down suddenly. The debt limit should go up, after extracting as much spending restraint as possible in exchange.