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Tim and Ben on the debt ceiling

February 4, 2011

Tim geitner said it recently and bernake mentioned yesterday that not raising the debt ceiling would be “catastrophic”. This is preconditioning. The vote is going to come up as soon march, and on last check the majority of the people don’t want it. They are politicians trying to change out minds.

To change hearts an minds these guys start trying to strike fear into our hears calling for catastrophe.

I haven’t studied this much, but the near term of not raising the ceiling would be tough but I’d likely bet that 6 months down the road the American people would be better off. Certainly our children would be. No more war funding, maybe we stop funding 3rd world dictatorships etc.

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