Economy Politics

What’s So Bad About Debt?

I’m not saying there’s nothing wrong with having a lot of debt. I’m just wondering, on a Friday: if defaulting on debt isn’t so bad, then what exactly is the problem with debt? What is the worst-case scenario if it isn’t default? All these years, I thought I understood at least this much of the Republican platform, but color me shocked: I don’t.

How Republicans Are Convincing Themselves That A Debt Default Wouldnt Be So Bad — And Why Theyre Wrong | TPMDC.

By Tommy Belknap

Owner, developer, editor of DragonFlyEye.Net, Tom Belknap is also a freelance journalist for The 585 lifestyle magazine. He lives in the Rochester area with his wife and son.