Don't Raise The Debt Limit. The Sky Really Wont Fall...

[EriktheRed]

The State of Minnesota shut their Government down and guess what?...They're still here.

^^^^^^^^^^

This alone is why you're not to be taken seriously.

 

[EriktheRed]

Don't Raise The Debt Limit. The Sky Really Wont Fall...

Don’t tell that to the GOP – it’s currently their political weapon of choice.

Its a circular GOP firing squad. If the US economy tanks the GOP supporters will lose more money than Obama's poor folk. Then the GOP will get the blame (see 1995) then the system collapses.

I've read difffering views of who would get the blame. There's even a left-leaning pollster who argues that it's possible the Prez would get it.

Nobody credible, though, is arguing that default wouldn't be that bad. No one would win under that scenario.

 

[kyzr]

Don’t tell that to the GOP – it’s currently their political weapon of choice.

Its a circular GOP firing squad. If the US economy tanks the GOP supporters will lose more money than Obama's poor folk. Then the GOP will get the blame (see 1995) then the system collapses.

I've read differing views of who would get the blame. There's even a left-leaning pollster who argues that it's possible the Prez would get it.

Nobody credible, though, is arguing that default wouldn't be that bad. No one would win under that scenario.

I've heard that the worst thing would be that the US bond rating would go to "junk" and borrowing money would be very expensive increasing the Debt due to more interest on the Debt. The Dc clowns need to do Obama's "Big Deal" and fix entitlements.

 

[Brutus]

Nobody credible, though, is arguing that default wouldn't be that bad. No one would win under that scenario.

What??????
America would win a huge huge victory because the debt would stop growing and bankrupting the country!!

The heroin addict would at long last begin treatment and recovery rather than sink further and further into addiction.

 

[EriktheRed]

Nobody credible, though, is arguing that default wouldn't be that bad. No one would win under that scenario.

What??????
America would win a huge huge victory because the debt would stop growing and bankrupting the country!!

The heroin addict would at long last begin treatment and recovery rather than sink further and further into addiction.

Go read up on what raising the debt limit actually means and get back to us.

 

[Brutus]

Nobody credible, though, is arguing that default wouldn't be that bad. No one would win under that scenario.

What??????
America would win a huge huge victory because the debt would stop growing and bankrupting the country!!

The heroin addict would at long last begin treatment and recovery rather than sink further and further into addiction.

Go read up on what raising the debt limit actually means and get back to us.

a liberal pretending to be more intelligent when he can't show it

 

[Brutus]

I've heard that the worst thing would be that the US bond rating would go to "junk" and borrowing money would be very expensive increasing the Debt due to more interest on the Debt. The Dc clowns need to do Obama's "Big Deal" and fix entitlements.

bond rating would probably be fine as long as BO elected to pay interest and principle as they came due.

 

[Brutus]

the state and fed are not the same, the damage is taken on the state, not the monetary structure and nationwide fisc.

I don't think we will default and we should not, but, lest be clear.

IF anyone read the Moodys and S&P reports on the potential downgrade, just raising the debt ceiling is not the answer, quite the contrary, the downgrade is because we have not planned the to get the debt and deficit under control and adding another 2 trillion in debt is not the answer ( its only a short term budgetary fix).

Absolutely.
The rest of the world is coming to terms with the fact that the "great" American economic system was a freaking mirage built on using debt as income...even as our own financial system has their heads buried in the sand and driving up stock prices as long as they can even though it is ensuring the next bubble burst is getting worse by the day

Actually Americans just bought 100 million smart phone toys at $150/ month. OECD puts income at $47,000 which is highest among major industrialized countries. If we get rid Marxist anti business president BO we'll be fine.