Wall Street: "Not raising the debt limit would be an economic calamity! The markets would hate it!"
Liberals: "Listen to Wall Street, raise the debt limit!"
Wall Street: "Cut spending and taxes are too hight! If we raised taxes, markets would hate it!"
Liberals: "Don't listen to Wall Street, their only looking out for themselves."
Why is this wrong?
PS - this is meant as a 'devil's advocate' argument - why listen to Wall Street RE: debt limit, but ignore on every other issue? I prefer higher taxes and an abolition of the debt ceiling, personally.
PPS - it really shows how stupid the "Yoho" (YOLO?) conservatives are that they can't summon this argument in their favor: "according to liberals, we can never trust wall street ... hardy har har ... bring on default!"