On an even more basic level though, how can one avert a debt crisis by adding more debt? Isn't that like an alcoholic averting an alcoholic crisis by buying a crate of vodka with someone else's money? How's that going to help exactly? Largely unsaid in the debt ceiling fiasco is that all the plans to rein in spending only theoretically reduce the deficit, not the debt. They are only promising to overspend by less. The debt will grow every single year by boatloads of our grandkids' money. The debt will not be reduced by one single red cent. At least Ron Paul gets it: Video of Ron Paul "How Do You Solve The Debt Problem By Raising The Debt?"
UPDATE: From American Thinker: We The Stupid
I stand here in abject stupefaction. The so-called “right” or “Tea Party” in this republic is being so thoroughly rolled and defeated that I am struggling to come up with an adequate violent submission metaphor that does not involve prison rape . . .Should ask a Democrat for the adequate violent metaphor. They have proven themselves exceedingly efficient at that.