Politico has a good piece up about why the GOP caved on the debt ceiling. The political reality is obvious. The Senate and the White House weren't going to budge and if the federal government defaulted, that would be the end of the Republicans chances in this year's election. It's interesting to watch Reince Priebus riding herd over the nutters in his party. It will be interesting to see if he can keep the moonbats locked up for the next 9 odd months.
For those out there who feel that our debt is steering us into collapse, I have one simple question: does the debt of the United States outweigh our assets?
3 comments:
You need to define your terminology.
Whose debt, specifically.
Whose assets, specifically.
I think it was pretty obvious that I was talking about federal government assets versus federal government debt. The federal government debt is what has you in hysterics, right? So, what are the assets of the federal government? How much are they worth?
Give them some credit - they could've turned the focus of the mid-term elections onto themselves instead of leaving it on the Dems and PPACA.
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