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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]DOJ needs to declare the debt limit unconstitutional and move on. [/quote]

It's not a ridiculous argument

"The validity of the public debt of the United States, authorized by law, ... shall not be questioned. "[/quote]

I sincerely hope Biden can navigate a way out of this that doesn’t involve giving House Republicans a bunch of easy wins.  My dream is that he will stand up and say, “If the American people want to cut Social Security, they can elect a Republican House, send 60 Republicans to the Senate, and put a Republican in the White House.  But it will *never* happen on my watch!”

(Thunderous applause.)

I fear, however, he will pathetically negotiate against himself and get rolled and utterly demoralize his base.[/quote]

This WH say that there will be no negotiating or compromise. 
That's a far cry from what Biden said back in 2011.

[twitter]https://twitter.com/jacobkschneider/status/1617951918281850880[/twitter][/quote]

Republicans cannot threaten the debt ceiling and claim good faith.  Holding the debt ceiling hostage WILL result in higher interest rates, higher interest burden by federal government, it will increase inflation and drive a recession, it will create indernational doubt about the stability of the United States and of the Dollar as currency, and will only give all the more of a boost to China as the leading world power.  It is complete stupidity.  [/quote]

Everything you said is false.  You are talking about a default on the debt, 
which is not what is at issue here.  Instead it is about whether to borrow more money.
[b]Borrowing more money can also lead to higher interest rates.  Not borrowing money and paying off your debts leads to lower interest rates.[/b]
Ultimately, interest rates come from inflation, not the other way around.[/quote]

interest rates for sovereign debt are based on default risk. If you want to see high interest rates, look at what happens to countries post-default [/quote]
Correct, but default is not at issue here.  It is about whether to borrow more money.  The more you borrow, the higher the risk of default.[/quote]

I really don't think you understand how any of this works.[/quote]

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