"There will be dire consequences if this limit isn’t raised."

[ProSense]

Krugman:

In about a month, if nothing is done, the federal government will hit its legal debt limit. There will be dire consequences if this limit isn’t raised. At best, we’ll suffer an economic slowdown; at worst we’ll plunge back into the depths of the 2008-9 financial crisis.

<...>

What does he know?

[gratuitous]

1. Has he apologized yet?

DU Smash!

[KittyWampus]

13. A DU Headline would be "Krugman threatens Americans with dire economic meltdown".

[CountAllVotes]

2. it there are no social security/VA benefits sent out

There will be many out there, including disabled vets without.

Do they realize :wtf: they are doing as they play their games?

[DearAbby]

3. +1

[originalpckelly]

5. +infinity

[ProSense]

10. The GOP certainly does. n/t

[socialist_n_TN]

15. Well, if they don't get their money, they can't pay their

bill, so the up side is that it will hit the capitalists hard. We might want to join them.

[originalpckelly]

4. I have another idea:

Pass the debt ceiling, then work on the longer term deficit/debt problems.

All of the highest Republicans and Democrats associated with the matter could make a pledge to step down at the end of the year if they can't get a deal by then. That way, it would their asses on the line for their incompetence, not ours.

But that would never happen in Washington, D.C. because it's OK to use the economic nuclear option on us, not the political career nuclear option on themselves.

[theophilus]

7. I really, really like that idea. Thanks for posting. I wish we the people

could hold the various feet to the fire. I hope someone implements your idea! And soon!

[Zenlitened]

6. What does he know? Well obviously he is a HATER, right?

From the same June 30 column:

The president’s response seemed clueless even then. He asserted that “nobody, Democrat or Republican, is willing to see the full faith and credit of the United States government collapse,” and that he was sure that John Boehner, as speaker of the House, would accept his “responsibilities to govern.”

Well, we’ve seen how that worked out.

and

And the reason Republicans are doing this is because they must believe that it will work: Mr. Obama caved in over tax cuts, and they expect him to cave again.

Not at all sure what point you're making by turning this into an OP now. :shrug:

[ProSense]

9. "Not at all sure what point you're making by turning this into an OP now."

It's a July 1 column stating the importance of raising the debt ceiling.

Is that a problem?

[Zenlitened]

11. I guess I'm just surprised. Krugman has been quite critical of Pres. Obama on this.

Your choice of that column struck me as odd, since Krugman is suggesting that Pres. Obama's own clumsiness in dealing with republican obstructionists is what has him (and all of us) in this debt ceiling bind now.

[ProSense]

12. Krugman's

criticism of the President has nothing to do with his opinion on the importance of raising the debt ceiling.

"Your choice of that column struck me as odd, since Krugman..."

It struck you as odd that I posted Krugman's column?

[Zenlitened]

14. Yes, it struck at me as odd that you posted a link to that column...

...for the reasons I stated above. I expect that Krugman will be very critical if this is all resolved with the sort of 'grand bargain' Pres. Obama seems to favor.

In his July 7 column, he was quite blunt:

Obviously, the details matter a lot, but progressives, and Democrats in general, are understandably very worried. Should they be? In a word, yes.

Now, this might just be theater: Mr. Obama may be pulling an anti-Corleone, making Republicans an offer they can’t accept.

(snip)

Which raises the big question: If a debt deal does emerge, and it overwhelmingly reflects conservative priorities and ideology, should Democrats in Congress vote for it?

Mr. Obama’s people will no doubt argue that their fellow party members should trust him, that whatever deal emerges was the best he could get. But it’s hard to see why a president who has gone out of his way to echo Republican rhetoric and endorse false conservative views deserves that kind of trust.

In your OP, referring to Krugman, you asked, "What does he know?"

It seems to me he knows that the politics of the debt ceiling debate are inextricably bound up with the economic implications of failing to raise the ceiling. As he explains in the column referenced in your blue link.

So, again, it seems like an odd choice to rally support for Pres. Obama in these final stages of the game.

[nadinbrzezinski]

8. Well he is a world class economist

and you should study on what has happened in OTHER places that have had to deal with issues like this.

In mexico it was bad in the 1980s... it will make that look like a walk in the park.

Can you say DEPRESSION? I know you can.