Post #3138519
2023-01-20 18:40 UTC
Oh, joy. We're doing another debt-ceiling song-and-dance. From the NYT:
“The fastest way to guarantee that we have debt rating problems is to keep spending money we don’t have, and keep piling up debt, and that’s what we’re doing,” Representative Chip Roy, a Texas Republican, told CNN.
I don't think that's true since the US can print its own currency to pay for debts, so long as it isn't excessive, which leads to inflation.
Debt rating issues arise from intentionally *not* paying your debts.
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