Silly Things Said Today: Boehner on the Debt Limit

Speaker John Boehner will lay out his path on the debt ceiling tonight in New York and will say the following:

"It’s true that allowing America to default would be irresponsible," he said in the excerpts. "But it would be more irresponsible to raise the debt ceiling without simultaneously taking dramatic steps to reduce spending and reform the budget process."

It's amazing how untrue this is. Debt is a problem because it can ultimately cause problems for the economy. It would be crazy to cause those problems and worse immediately by letting the United States default. I'd imagine that some of the bankers at tonight's speech will impress upon Boehner the perils his way of thinking presents to the financial markets.