Monday, January 3, 2011

Got Yuan?

The Tea Party brawlers will take the Capitol by storm later this week and at the top o' the list for fixing is that pesky debt ceiling. The solution being pushed by Michelle Bachmann and her comrades is refusing to raise the debt ceiling.

No doubt they'll get some help from our pal Gini Foxx who has repeatedly voted against raising the debt ceiling.

Aside from starting to look like a rerun of that 1994 show, Gingrich v. Clinton, this has all the makings of apocalypse. Letting the federal government default is no whimsical matter.

That whole "full faith and credit" thing makes the world go round and keeps the banks open. We dare to speculate that the economy is in no condition to face a government shutdown until a political compromise is found (i.e. Obama finds something else to give away). And exactly which member of the Tea Party is going to pay those folks from Beijing when they come looking to claim the collateral for all that worthless debt papers they're holding?

1 comment:

  1. These hyper-conservative Republicans in Congress are MUCH more interested in The Pose they can strike for their fans than they are in real-world consequences. Virginia Foxx understands economics about as well as I understand astral projection.

    ReplyDelete