Kucinich on Default and the Debt Ceiling

It's hard to disagree with a lot of what Rep. Dennis Kucinich (D-OH) has to say in this rant the other day about a possible default and raising the debt ceiling (hat tip Patrick.net).

His point about the Fed subsidizing big banks when that money could just as easily be used to fund government jobs programs to build infrastructure and do other things that, over the long run, will actually benefit society, is worth considering, though Congress is not likely to do so or they'll have to find some other source of funding for their next election campaign.