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

To: Lane3 who wrote (10020)	8/5/2011 11:50:29 AM
From: TimF	Read Replies (1) \| Respond to of 10087

By almost immediately I meant almost immediately once you situation is dealt with. I wasn't implying that the debt ceiling would almost certainly be raised almost immediately. But I'd add now that even if you did get to a point where there was to be a sudden massive drop in federal spending because the debt limit was hit to a point where it couldn't be fudged anymore, I don't think the situation would last long. The most extreme hardliners might be emboldened but those at the margin would be under tremendous pressure. Enough of them would defect in one way or another to at least get a short term debt ceiling increase. Since agricultural subsidies aren't entitlement programs, I don't know how that applies. Those subsidies are an area of federal spending that would be cancelled if the political battle got to a point where it the spending drop could no longer be avoided. Social Security is an entitlement, but it would probably not have been canceled.