Representative John Fleming (R-LA) is not impressed by your economic projections and your fancy arithmetic.
When asked about the consequences of failing to raise the debt ceiling and defaulting, Fleming said economists are mostly wrong anyway.
“Economists, what have they been doing? They make all sorts of predictions,” said Representative John Fleming, Republican of Louisiana. “Many times they’re wrong, so I don’t think we should run government based on economists’ predictions.”
No, obviously not.
We should run government based on the voices in Louie Gohmert’s head and John Flemings’ gut feelings which could probably be cured with a little Pepto.
This does make a certain amount of since for a group of people who believe tax cuts create jobs. It’s their gut feeling, not something that real economists will tell you.
Snark aside, it’s important to remember that blowhards on CNBC and Fox Business != economists. Stock pundits are regularly wrong, but even the stock pundits will tell you that failing to raise the debt ceiling would have dire consequences.
Anyone who has any idea what they’re talking about will tell you that defaulting is a bad idea.