(Because Estabon Ferlingetti VI demanded it)
For a lot of different reasons, it is obviously insane that the House GOP has resorted to extortion by threatening to block an increase in the nation’s debt limit unless its demands for spending cuts are met. Every person who actually understands the situation agrees that the economic consequences would be disastrous should America end up defaulting on its public debts. Toby Ziegler explains:
This is why even John Boehner and Mitch McConnell have acknowledged that the nation’s debt limit must be raised before the August 2nd drop-dead date. “Must” – not “should.” Toby Ziegler's assessment of what will occur should the United States default of its debt obligations may have been dramatic, but it wasn't far off the mark. <:p>
