Quote:
Originally Posted by Veb
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Sadly, that "unprecedented catastrophe" is exactly what some Democrats (Harry Reid for one) seem to want.
The McClintock-Toomey bill would have taken the debt default off the table as a political football for both sides forever. Sadly, douches like Reid have chosen to demagogue the issue by dubbing it the "Pay China First" bill.
The disingenuous argument they make is that since the McClintock-Toomey bill doesn't insist that EVERYONE get paid, it's useless. Talk about making "the perfect into the enemy of the good".
Many (including the Bloomburg guy above) that if the US ever defaults, even once, it'd be totally apocalyptic. Not so with paying for, say, the Parks Department. It's not
good to close the Parks Dept, but it wouldn't have the nuclear effects of a default.
So...let's not put this all on one side.
Link-sorry folks, I know you don't like the WSJ, but at the same time, I'm not going to accept any article that refers to McClintock-Toomey as the "Pay China First" bill--which most of 'em do.