Ryan's Budget and the debt limit

[finnbow]

Originally Posted by whell

Let's see. Are none of these individuals responsible or credible enough in your estimation?

Kent Conrad
Joe Manchin
Amy Klobuchar
Mark Udall

They have all either suggested they would favor enacting spending cuts tied to raising the debt ceiling, or at least suggested that they're undecided (political speak for I'm in favor of it, but just don't think it would be politically expedient to say so).

I'm talking about responsible, credible people not currently serving in Congress. Those serving in Congress at the moment are concerned about their next election, plain and simple; not the debt, deficit or anything else.

[whell]

Originally Posted by finnbow

I'm talking about responsible, credible people not currently serving in Congress. Those serving in Congress at the moment are concerned about their next election, plain and simple; not the debt, deficit or anything else.

Druckenmiller's not credible or responsible either?

http://online.wsj.com/article/SB1000...s_opinion_main

[whell]

Originally Posted by finnbow

I'm talking about responsible, credible people not currently serving in Congress. Those serving in Congress at the moment are concerned about their next election, plain and simple; not the debt, deficit or anything else.

How 'bout a Ph.D. at George Mason?

http://reason.com/archives/2011/02/0...the-debt-ceili

[whell]

Originally Posted by finnbow

I'm talking about responsible, credible people not currently serving in Congress. Those serving in Congress at the moment are concerned about their next election, plain and simple; not the debt, deficit or anything else.

So, by the way, why should we listen to those members of Congress or those that serve at the pleasure of the President? They are also political animals, concerned about the next election cycle. If we shouldn't listen to those who are suggesting that we can survive a technical default with limited impact, why should we listen to those who suggest that the consequences will be "catastrophic"?