U.S. Debt Ceiling redux, redux

Okay, last post on the U.S. debt issue for a while.  Reading some more newspapers since the last time I wrote, it also appears that S&P’s downgrading of the United States’ credit rating is also based on the brinksmanship that led to the debt ceiling crisis in the first place, that the government of the United States is not really able to deal with issues as one would suspect they might be.  True, but sorry to see.  Unfortunately, there are politicians that aren’t really interested in acting in the better good of the country.

The United States federal government is addicted to debt like an alcoholic is addicted to alcohol.  Just like the alcoholic needs to quit, the United States needs to quit borrowing.  However, if the alcoholic were to quit cold turkey, he could die (from a seizure etc.).  Similarly, the United States can’t just stop borrowing like some Tea Partiers think it should; it needs to get off borrowing, but it needs to do it gradually, not all at once.

Alright, I’m going to write about something else now.

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