BLOCK RAISING THE DEBT LIMIT!!!

Threats by government officials that not raising the debt limit will cause the U.S. to default are seditious. There are innumerable ways of avoiding any sort of default. NOT blocking the raise in the debt limit is the way to future default and economic ruin.

One simple solution is being proposed by Senator Toomey of Pennsylvania. According to the Cato Institute blog, the senator "has a proposal to protect the "full faith and credit" of the United States by requiring the federal government to make interest payments a top priority....The federal government is expected to collect more than $2.1 trillion of tax revenue this year, while interest payments on the publicly held debt will only be about $200 billion. So even without an increase in the debt limit, the Treasury Department will have more than enough revenue to cover its interest obligations and avoid a default. That being said, financial markets are sometimes spooked by uncertainty. And since Treasury Secretary Timothy Geithner began making some irresponsible statements about the risks of default, there is growing interest in legislation by Senator Pat Toomey, a Republican of Pennsylvania, to alleviate the market’s fears. Quite simply, Toomey’s bill would require the federal government to fulfill obligations to bondholders before making any other disbursements. ...If the Toomey legislation is adopted, fiscal reformers will have a powerful weapon at their disposal. Secure in the knowledge that default no longer is a possibility, they can be much tougher in their negotiations with the politicians who favor the status quo."

Sounds good to me, how 'bout you?