Senators Jim DeMint (R-SC) and Pat Toomey (R-PA) have written a letter to Treasury Sec. Tim Geitner on why and how we can avoid raising the debt ceiling and still meet our debt obligations. It's simple, stop paying for other stuff as long as its not for defense or our salaries and benefits. If it were that easy.
As the debt ceiling debate heats up, remember this. These same Republicans who are now demanding huge cuts with Medicare and other programs or no raising the debt ceiling. That a majority of Americans oppose raising the debt ceiling is due more to most Americans not understanding the consequences of default than support for such idiocy.
These two facts might help them change their minds.
1 Republicans voted to raise the debt ceiling 7, yes SEVEN times during the Bush administration without a squawk.
2 - The Ryan fairy dust "Path to Prosperity" doesn't tackle deficits for at least another 10 years in any serious way and with more tax cuts for the wealthy including eliminating capital gains and estate taxes the deficit will continue to rise unless their wishful thinking that passing the budget will immediately generate a housing construction boom of $89 billion in 2012. BTW, only 18.6 homes are stand empty right now in America.
Zombie brains rule our world.
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