by Indy » Fri Oct 04, 2013 1:55 pm
For us non-economists how will it hurt us?
Unless you mean by that slashing spending we're stalling the economy which doesn't provide the tax revenue to apply to the debt, etc., etc.
The funny thing about the debt is that it's the ultimate red herring--these people don't care about the debt, they're merely using that as a backdoor way to slash gov't.
"Starving the beast until you can drown it in the tub." Norquist stuf and all that.