In response to:

Conservatives Should End the Debt Ceiling Debate

Bill258 Wrote: Jan 15, 2013 9:15 AM
Not increasing the debt limit does not mean the U.S. will default on outstanding Treasury bills, notes and bonds. In fiscal year 2012, federal receipts were $2449 billion, 6.8 times the $360 billion interest on Treasuries. There is plenty of money to pay the interest. As existing Treasuries are about to mature, print and sell more Treasuries for the same amount to retire the maturing ones. The national debt will remain the same without a default. newsandopinions dot net
Watching the American scene in the 1960s, historian Daniel Boorstin, invented the idea of the “pseudo-event.” The rise of television and modern mass media had produced a transformation of the news business, so that what now mattered was not if an event was important, but only if it was “newsworthy.”

As Boorstin explained, the pseudo-event was orchestrated and planned to receive maximum public attention, even if the event itself was really unimportant. Pseudo-events merely look important, because the media and the public agree to act as if they are. As Boorstin explained, the pseudo-event is not something that happens by...