I dunno, I liked the GOP's old fears better. Commies, busing, flouridation, bra-less women, gays, Roe vs Wade, Medicare, weapons of mass destruction, firefighter unions, the United Nations, hordes of al qaeda lining up at the border of Mexico, fake birth certificates, Kenyan spies in the White House, Sharia Law in Colorado...
I ask you, dear friend: what fun is a party of paranoid rage-aholics when they're yelling about debt-to-GDP ratios?
None of these people ever gave a damn about deficits until the line formed on the Right. Now, according to them, the deficit will kill us all unless we do exactly as they say, immediately.
Been there, done that. There's always a lot to be afraid of, but you could make a nice living betting that the real crisis and the GOP-manufactured one will never be the same. Wonder what odds Jimmy the Greek would have given?
Default on the debt will hurt us lots more than any other plan, including (obviously) more stimulus spending.
How about this: we turn back the clock to when Bush inherited a surplus, undo things he said would lead to prosperity but brought us instead to the poorhouse, and start over. His illegal war in Iraq over weapons he said would kill us all, but didn't exist? Gone. His debunked "trickle down" tax policy? Pffft. A memory. His million-mile fence and hi-tech attack on fruit pickers? Suspended. His subsidies to Oil companies who already have more cash than they know what to do with? Gone. Kaput.
This entire crisis is merely the beginning of the endgame of a long-established Right-Wing plan for society known as "Starve the Beast." Please look it up and learn. It is not a new crisis. It isn't even a crisis. It's Republican Utopia, once again breaching the horizon, heading our way.