Originally Posted by mountainmiester

WTF do you even know what you are saying? Point 1: Bush was a full on idiot and a poor excuse of a president, almost as bad as what we have now. Just because he did it, doesn't that mean it's OK for this president to do it does it? Bush was a fuck up so we can be fuck ups too?

2. If we don't raise the debt ceiling we go into default? Is anyone paying attention to this? We need to raise the debt ceiling to borrow money to pay our debt?

Jesus folks, this has become insanity! We're doomed.

Originally Posted by Bill8

Re:1 - I thought the OPs (and Buffets) point was that the republicans are using this as a political gambit, that they had no qualms about raising the debt limit when they were in power.

So, your comments aren't a rebuttal to the OPs point.

When the republicans are back in power, this model predicts, they will again raise the debt limit under their watch, as they did before.

Re: 2 - I'm not sure this argument makes a lot of sense. I think you may be conflating Greece with the US.

I could be worng, but as I understood it, we want to borrow operations money, not money to pay off the debt - altho one could say the two are linked, we aren't talking about that kind of default.

Perhaps you can point to references about what the borrowed money would be used for?