Actually, you were. (The credit rating agencies have govt monopolies. They're not disinterested parties. It also doesn't matter what they think because they're not lenders.)
> You (and the Republican party) are setting up a false dichotomy.
I'm not setting up a dichotomy at all. I asked a simple question, namely, how does increasing the US' line of credit make the US a better credit risk? I asked that question because that's your claim. I said nothing about the deficit.
As reducing the deficit "in a responsible way", which lender is saying "I won't loan money to the US govt because it's reducing its social security/military/medicare/medicaid spending?"
Seriously - I want names. Will China reduce its lending? How about you (assuming that you've been buying treasuries).
Yes, lenders care if you skip on repayments, but your argument assumes that they want to continue other spending. Some supporting evidence would be nice.
You seem to have trouble making an argument without using political references....
Actually, you were. (The credit rating agencies have govt monopolies. They're not disinterested parties. It also doesn't matter what they think because they're not lenders.)
> You (and the Republican party) are setting up a false dichotomy.
I'm not setting up a dichotomy at all. I asked a simple question, namely, how does increasing the US' line of credit make the US a better credit risk? I asked that question because that's your claim. I said nothing about the deficit.
As reducing the deficit "in a responsible way", which lender is saying "I won't loan money to the US govt because it's reducing its social security/military/medicare/medicaid spending?"
Seriously - I want names. Will China reduce its lending? How about you (assuming that you've been buying treasuries).
Yes, lenders care if you skip on repayments, but your argument assumes that they want to continue other spending. Some supporting evidence would be nice.
You seem to have trouble making an argument without using political references....