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The Water Cooler
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Schumer Shutdown: Dems want shutdown to protect illegals!
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<blockquote data-quote="Dave70968" data-source="post: 3074787" data-attributes="member: 13624"><p>Repealing that section would be a <em>very</em> bad idea. You think our national credit rating took a hit under Obama? Just wait until you make federal debts dischargeable! Would <em>you</em> loan money to someone who had the ability to say "yeah, I know I borrowed that, but I've decided I don't have to pay it back." Down that road lies madness.</p><p></p><p>A balanced budget amendment wouldn't necessarily be a bad thing (though it would need some sort of emergency provision to allow unbalanced borrowing, lest we find ourselves, say, attacked by a foreign power and drawn into a two-front world war), but making the public debt dischargeable by governmental whim? Watch the economy come to a screeching halt.</p></blockquote><p></p>
[QUOTE="Dave70968, post: 3074787, member: 13624"] Repealing that section would be a [I]very[/I] bad idea. You think our national credit rating took a hit under Obama? Just wait until you make federal debts dischargeable! Would [I]you[/I] loan money to someone who had the ability to say "yeah, I know I borrowed that, but I've decided I don't have to pay it back." Down that road lies madness. A balanced budget amendment wouldn't necessarily be a bad thing (though it would need some sort of emergency provision to allow unbalanced borrowing, lest we find ourselves, say, attacked by a foreign power and drawn into a two-front world war), but making the public debt dischargeable by governmental whim? Watch the economy come to a screeching halt. [/QUOTE]
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