Comment: I actually support Rand here

(See in situ)

I actually support Rand here

This is a political move, and not entirely sell-out.

This would allow the Congress to threaten to not raise the debt ceiling (= government shutdown), unless the President agrees to spending cuts. He won't agree any other way.

The President has played politics and threatened to not pay interest on the debt if the debt ceiling isn't raised (which would obliterate the US dollar, though heaven knows we need it and it's coming anyway).

So, this would force the President to cut spending, or not.

The problem is that the media portrays every attempt to cut spending as, DOLLAR WILL EXPLODE!!

But ignores the dollar explosion otherwise.