Another poll on seriousness of possible default

[JimH52]

This one is from MSNBC. A few days ago, FOX.com readers stated over 80% that Obama was overstating the seriousness of default. This time, MSNBC.com readers say 55% that default will bring grave consequence.

Even Ronald Reagan agreed with the MSNBC.com readers.

FOX.com....what a joke.

First Read - NBC/WSJ poll: Majority says not raising debt ceiling would be problematic

 

[Leweman]

Why would they not believe what is being hammered into their brain by the news they watch? They aren't going to go do some independent research on the subject. Of course they are going to say its a problem based on the skewed media coverage.

 

[JimH52]

Why would they not believe what is being hammered into their brain by the news they watch? They aren't going to go do some independent research on the subject. Of course they are going to say its a problem based on the skewed media coverage.

So you disagree with the Saintly Ronald Reagan?

Ronald Reagan Speaks From Grave On Debt Ceiling : freshrant : Exquisitely Baked Satire

“Congress consistently brings the government to the edge of default before facing its responsibility. This brinkmanship threatens the holders of government bonds and those who rely on social security and veteran benefits. Interest rates would skyrocket, instability would occur in financial markets, and the federal deficit would soar. The United States has a special responsibility to itself and the world to meet its obligation. It means we have a well-earned reputation for reliability and credibility — two things that set us apart from much of the world.” – Ronald Reagan

 

[Oddball]

This one is from MSNBC. A few days ago, FOX.com readers stated over 80% that Obama was overstating the seriousness of default. This time, MSNBC.com readers say 55% that default will bring grave consequence.

Even Ronald Reagan agreed with the MSNBC.com readers.

FOX.com....what a joke.

First Read - NBC/WSJ poll: Majority says not raising debt ceiling would be problematic

You gotta know that the liberoidals are in-death-throes-desperate when they claim the mantle of the most reviled Ronny Reagan, in order to try and score points.

 

[Richard-H]

Anybody that thinks that a U.S. governement default would be anything less than catastrophic, doesn't understand economics.

The entire world's economiy is dependant on the validity of the U.S. Government. $14T in bonds holders, ranging from private individuals, corporations and governments have invested in the U.S. governement. They're investments become worthless.

All landlords who depend on their tenants SS are screwed.

All banks that have invested in Bonds are screwed.

The healthcare industry, without medicare payments is screwed.

The U.S. government contractors are screwed.

All paychecks will stop.

The list goes on and on, but what really matters is that in economics, everything is inter-related. A minor failure in one area of economics will cascade into a major econic castastrophe.

Did anybody learn anything from the mortgage defaults and credit default swap problems just a few years ago?

Anyone of the above defaults is more than likely to cascade into a major economic catastrophe. All of them combined will certainly create economic havoc at a level we've never seen before.

But, don't worry, with the U.S. dollar worthless, Chinese currency will become the world's currency reserve.

Of course the Chinese will have their own financial disaster to deal with. But they're well positioned for this - they have a COMMUNIST GOVERNMENT - they can NATIONALIZE all forgein industries in the blink of an eye. They'll stabilize while the rest of the world reels.

The end of the American century and the beginning of the Chinese millenia!

Just what the Tea Party was planning all along.

 

[Quantum Windbag]

This one is from MSNBC. A few days ago, FOX.com readers stated over 80% that Obama was overstating the seriousness of default. This time, MSNBC.com readers say 55% that default will bring grave consequence.

Even Ronald Reagan agreed with the MSNBC.com readers.

FOX.com....what a joke.

First Read - NBC/WSJ poll: Majority says not raising debt ceiling would be problematic

And this poll shows people are more worried about the debt than the catastrophe.

 

[Douger]

Rothchild said "he who controls the money".
I say "he who controls the food"

The avocado's are almost ready.

 

[ABikerSailor]

The GOP is pushing for default, so that their corporate overlords can then get a bargain on buying this country.

Yep.........get ready for the feudal system all over again............

 

[auditor0007]

Reduce GDP by 8% overnight, and the snowball effect will lead to a massive drop in GDP. Unemployment will initially double, but the snowball effect will lead us to 30% unemployment. Housing prices will plummet much further, and it will likely lead us to an economy worse than that of the Great Depression. There will be no choice but to raise taxes on the wealth into the 75% range just to cover the basics. Everything else will be slashed. The value of the dollar will drop uncontrollably and energy prices will double along with most all commodities. USMB will cease to exist because nobody will be able to afford their Internet service.

Our economy is already struggling. It's not going to be able to withstand a hit like this. Twelve days and counting.

 

[Old Rocks]

Ah, but then Obama will probably lose the election in 2012. And it will all be worth it, just ask any Teabagger or Rove lover.

This is a hard ball game the GOP is playing, and, in the end, all will lose because of it. And the resident dingbats on this board will be chortling even as the nation crumbles around them.

 

[elvis]

Ah, but then Obama will probably lose the election in 2012. And it will all be worth it, just ask any Teabagger or Rove lover.

This is a hard ball game the GOP is playing, and, in the end, all will lose because of it. And the resident dingbats on this board will be chortling even as the nation crumbles around them.

you're assuming romney will be nominated? because no one else has any chance against obama unless the country is in absolute ruin.

 

[Annie]

Anybody that thinks that a U.S. governement default would be anything less than catastrophic, doesn't understand economics.

The entire world's economiy is dependant on the validity of the U.S. Government. $14T in bonds holders, ranging from private individuals, corporations and governments have invested in the U.S. governement. They're investments become worthless.

All landlords who depend on their tenants SS are screwed.

All banks that have invested in Bonds are screwed.

The healthcare industry, without medicare payments is screwed.

The U.S. government contractors are screwed.

All paychecks will stop.

The list goes on and on, but what really matters is that in economics, everything is inter-related. A minor failure in one area of economics will cascade into a major econic castastrophe.

Did anybody learn anything from the mortgage defaults and credit default swap problems just a few years ago?

Anyone of the above defaults is more than likely to cascade into a major economic catastrophe. All of them combined will certainly create economic havoc at a level we've never seen before.

But, don't worry, with the U.S. dollar worthless, Chinese currency will become the world's currency reserve.

Of course the Chinese will have their own financial disaster to deal with. But they're well positioned for this - they have a COMMUNIST GOVERNMENT - they can NATIONALIZE all forgein industries in the blink of an eye. They'll stabilize while the rest of the world reels.

The end of the American century and the beginning of the Chinese millenia!

Just what the Tea Party was planning all along.

and yet, why is there no budget? Why not last year, when the Democrats controlled both houses and the Presidency? Why didn't Obama take this seriously months ago?

 

[JimH52]

This one is from MSNBC. A few days ago, FOX.com readers stated over 80% that Obama was overstating the seriousness of default. This time, MSNBC.com readers say 55% that default will bring grave consequence.

Even Ronald Reagan agreed with the MSNBC.com readers.

FOX.com....what a joke.

First Read - NBC/WSJ poll: Majority says not raising debt ceiling would be problematic

You gotta know that the liberoidals are in-death-throes-desperate when they claim the mantle of the most reviled Ronny Reagan, in order to try and score points.

Actually, all the polling says that the American voters wants a deal with cuts balanced with revenue increases. Obama has endorecd a 4-1 cuts to revenue deal, but the baggers won't hear of it. Cuts alone will not make a dent in the deficit. But it is the House Tea baggers that have held a deal up all this time.

So, the GOP is once again allowing the Tea baggers to screw them over. The GOP will shoulder the blame of a default consequence, and you and McConnell know it. Who in their right mind would hand over the Presidency to a party that is being held hostage by "children."

Now you lose 2012....

 

[The Rabbi]

Fortunately we don't govern by push polls.
In fact a temporary default in exchange for permanent gov't cuts would be a wonderful bargain. The US is going to make good on its obligations. No one doubts that. We aren't Greece. Yet.
People are responding to Obama and the Dums demagoging the issue, promising to starve Granny if the GOP doesn't cave on raising taxes in a recession.

 

[Oddball]

This one is from MSNBC. A few days ago, FOX.com readers stated over 80% that Obama was overstating the seriousness of default. This time, MSNBC.com readers say 55% that default will bring grave consequence.

Even Ronald Reagan agreed with the MSNBC.com readers.

FOX.com....what a joke.

First Read - NBC/WSJ poll: Majority says not raising debt ceiling would be problematic

You gotta know that the liberoidals are in-death-throes-desperate when they claim the mantle of the most reviled Ronny Reagan, in order to try and score points.

Actually, all the polling says that the American voters wants a deal with cuts balanced with revenue increases. Obama has endorecd a 4-1 cuts to revenue deal, but the baggers won't hear of it. Cuts alone will not make a dent in the deficit. But it is the House Tea baggers that have held a deal up all this time.

So, the GOP is once again allowing the Tea baggers to screw them over. The GOP will shoulder the blame of a default consequence, and you and McConnell know it. Who in their right mind would hand over the Presidency to a party that is being held hostage by "children."

Now you lose 2012....

Once again, failure to raise the debt limit won't automatically result in a default....Y'all really need to dispense with that stale old scare tactic.

Notwithstanding, what does any of this have to do with desperate liberoidals scurrying to claim the mantle of Reagan...I thought he was the focus of all that is evil in American politics.

 

[JimH52]

Fortunately we don't govern by push polls.
In fact a temporary default in exchange for permanent gov't cuts would be a wonderful bargain. The US is going to make good on its obligations. No one doubts that. We aren't Greece. Yet.
People are responding to Obama and the Dums demagoging the issue, promising to starve Granny if the GOP doesn't cave on raising taxes in a recession.

So tell me what happens when the US Bond rating goes from AAA to AA? You think interest rates stay at their present rate? Of course they don't. Reagan knew it. McConnell knows it. Establishment GOP knows it. The tea Party children deny it.

No tax increase will stall the economy like 1% increase in the home mortage rate. COUNT ON IT, SHERLOCK!

 

[Moving to USA]

I know this is a silly question but
In light of the current financial crisis, why would the muslim from Kenya think its a good time to throw some bloated dollar wasting program like socialized health care on the country? seems to me that would be something to consider only during times of financial excess.

If we were to cut all the new social give aways that were granted in the last 4 years, and we were to cut foreign aid, and we were to ship the illegals back out of the country, I think we could actually lower the debt ceiling and be in better shape than we are now.

 

[The Rabbi]

Fortunately we don't govern by push polls.
In fact a temporary default in exchange for permanent gov't cuts would be a wonderful bargain. The US is going to make good on its obligations. No one doubts that. We aren't Greece. Yet.
People are responding to Obama and the Dums demagoging the issue, promising to starve Granny if the GOP doesn't cave on raising taxes in a recession.

So tell me what happens when the US Bond rating goes from AAA to AA? You think interest rates stay at their present rate? Of course they don't. Reagan knew it. McConnell knows it. Establishment GOP knows it. The tea Party children deny it.

No tax increase will stall the economy like 1% increase in the home mortage rate. COUNT ON IT, SHERLOCK!

That's exactly what will happen if the Dums push through tax increases and piddling cuts that take effect 50 years from now. Why would you want that?
The credit rating will be much better with a temporary suspension of some payments in return for cuts to government spending.
At some point we really will become Greece and then you can watch interest rates on treasuries soar to Jimmy Carter levels.

 

[JimH52]

I have come to the conclusion that the tea party is seriously trying to send the nation into default. The closet racist so desperately want get rid of Obama, they are willing to send the entire US economy over a cliff. It is the only thing that makes sense to me.

 

[Annie]

I have come to the conclusion that the tea party is seriously trying to send the nation into default. The closet racist so desperately want get rid of Obama, they are willing to send the entire US economy over a cliff. It is the only thing that makes sense to me.

Interesting, many have come to the conclusion that the only explanation for the refusal to establish a budget for over 2 years and continue insane spending levels is to send the nation into default and turn this country into a 2nd world power.