At Least not Now

12.26.12

Don't Fix the Debt

In which the CEO of a huge corporation demonstrates a total lack of understanding of what constitutes the fiscal cliff:

In the spirit of the Holiday season and the Starbucks tradition of bringing people together, we have a unique opportunity to unite and take action on an incredibly important topic. As many of you know, our elected officials in Washington D.C. have been unable to come together and compromise to solve the tremendously important, time-sensitive issue to fix the national debt. You can learn more about this impending crisis at www.fixthedebt.org.

The fiscal cliff is many things, but it's certainly not a ticking debt crisis. Ironically, treating is as such would be far more damaging to the economy than most alternatives. Debt is something we should avoid piling up like crazy. It's not something that will spell doomsday if left until the New Year.