Actually, people who have any idea what they are talking about know and understand that if the debt ceiling is not raised the United States government will default on its debt.
No, actually... people with half a fucking brain who aren't spewing liberal bullshit out all orifices, know and understand we will NOT DEFAULT on our debt obligations! Not unless the entire country goes completely under and we simply don't have any other choice, and that isn't likely to happen. As I
correctly stated, our debt obligations would be paid first from revenues we already receive, and we have enough revenues to service the debt... then we would have to decide which services and programs to cut and defund, and that would be unpleasant... but doable. Now you can bow up and lie to the people all you like, retard, I really don't give a flying shit...I am betting most of them reject your stupidity on the basis that it's STUPID!
To significantly reduce the deficit, tax increases are necessary. It's as simple as that. And the Republicans have said that they will force the United States to default on its debt unless the deficit is reduced significantly. Under the circumstances, tax increases are necessary notwithstanding that they will harm the economy. It isn't too complex, Dixie.
Again, you are being STUPID! Tax increases can't reduce the deficit when the deficit FAR exceeds the most extreme tax rate you could impose! IDIOT! You can tax the top earners 100% and it's not enough to fund one fiscal quarter of the current budget! Raising taxes is never going to generate the kind of money you need to balance a $1.6 trillion deficit, even IF raising top marginal rates DID increase revenues, which they DON'T!
Libtards view taxation in STATIC terms... You see where the top percentile pay X dollars in taxes this year, so you figure raising their rates by 2-3% will increase revenues by X+2~3% and that simply isn't what happens, because we don't live in a vacuum, every action taken by government has a reaction by the public, people behave differently, behaviors change when you raise and lower tax rates, and Libtards fail to consider that. When we increase tax rates on upper income earners, they simply earn less income, because they are discouraged from it. To realize an INCREASE in revenue, you have to LOWER the upper income tax rate, to ENCOURAGE income earning....thus MORE revenue. To spark economic growth, you have to lower or eliminate capital gains taxes, so that people with capital to invest, will do so. You think in static terms because you are a clueless idiot, a mind-numbed imbecile of the left, who doesn't have enough sense to think for yourself. Some Communist has filled you full of this class warfare bullshit, and you've believed it because you are gullible idiot who wanted to believe.