Goodbye cruel world

[DavidS]

If the US defaults and/or our credit is downgraded, our stock market is going to plummet. Think 2008 was scary? Look at 2011. Imagine watching the DOW plummet 1000 points in a day. 2,000. Think DOW 6500 was bad? Wait til DOW 3500.

The radical right wing Republicans are going to kill us all and destroy an already fragile economy.

 

[asterism]

If the US defaults and/or our credit is downgraded, our stock market is going to plummet. Think 2008 was scary? Look at 2011. Imagine watching the DOW plummet 1000 points in a day. 2,000. Think DOW 6500 was bad? Wait til DOW 3500.

The radical right wing Republicans are going to kill us all and destroy an already fragile economy.

US debt default will do that? How?

Although I don't think the US will default on its debt just because it can't borrow more. In fact, every dollar paid in Social Security reduces the debt. The US is free to issue bonds up to the limit. This, like the rush to appropriate money for all those "shovel ready" jobs that didn't exist, is just another money grab.

 

[percysunshine]

Oh please...please...let this happen.

I have been waiting to buy.

Only morons buy high and sell low.

 

[DavidS]

If the US defaults and/or our credit is downgraded, our stock market is going to plummet. Think 2008 was scary? Look at 2011. Imagine watching the DOW plummet 1000 points in a day. 2,000. Think DOW 6500 was bad? Wait til DOW 3500.

The radical right wing Republicans are going to kill us all and destroy an already fragile economy.

US debt default will do that? How?

Although I don't think the US will default on its debt just because it can't borrow more. In fact, every dollar paid in Social Security reduces the debt. The US is free to issue bonds up to the limit. This, like the rush to appropriate money for all those "shovel ready" jobs that didn't exist, is just another money grab.

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 veterans 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 obligations. It means we have a well-earned reputation for reliability and credibility – two things that set us apart from much of the world.

 

[California Girl]

If the US defaults and/or our credit is downgraded, our stock market is going to plummet. Think 2008 was scary? Look at 2011. Imagine watching the DOW plummet 1000 points in a day. 2,000. Think DOW 6500 was bad? Wait til DOW 3500.

The radical right wing Republicans are going to kill us all and destroy an already fragile economy.

US debt default will do that? How?

Although I don't think the US will default on its debt just because it can't borrow more. In fact, every dollar paid in Social Security reduces the debt. The US is free to issue bonds up to the limit. This, like the rush to appropriate money for all those "shovel ready" jobs that didn't exist, is just another money grab.

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 veterans 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 obligations. It means we have a well-earned reputation for reliability and credibility – two things that set us apart from much of the world.

They do that so they can pretend to the American people that they're 'fighting' to 'save' America. Both sides do it. Sheep fall for it.

 

[Truthmatters]

Both sides do it?


Historical evidence please?

This action by the republicans has already proven to the world that the republicans will play games with our full faith and credit.

It has harmed the country allready.

Its what the republicans want, they want our economy to lose steam and they succeded already.

Its party over country at every turn for the right,

 

[Si modo]

 

[Sallow]

If the US defaults and/or our credit is downgraded, our stock market is going to plummet. Think 2008 was scary? Look at 2011. Imagine watching the DOW plummet 1000 points in a day. 2,000. Think DOW 6500 was bad? Wait til DOW 3500.

The radical right wing Republicans are going to kill us all and destroy an already fragile economy.

US debt default will do that? How?

Although I don't think the US will default on its debt just because it can't borrow more. In fact, every dollar paid in Social Security reduces the debt. The US is free to issue bonds up to the limit. This, like the rush to appropriate money for all those "shovel ready" jobs that didn't exist, is just another money grab.

There are debts this country has run up..like financing 2 wars..that we will default on. If there isn't enough money in the treasury to finance those debts..penalties will accrue. We also have foreign debts subject to the same risk.

What this will do is demostrate to other nations that this country is so dysfunctional it cannot even take care of it's finances. They will look to other currencies to purchase and peg their own to. And they will look to other countries to make trade agreements with.

This works fine if your goal is to be a pariah and isolationist. And it would turn this country, effectively, into a third world country with a big military.

How's that working out for the Democratic Republic of North Korea?

 

[Si modo]

If the US defaults and/or our credit is downgraded, our stock market is going to plummet. Think 2008 was scary? Look at 2011. Imagine watching the DOW plummet 1000 points in a day. 2,000. Think DOW 6500 was bad? Wait til DOW 3500.

The radical right wing Republicans are going to kill us all and destroy an already fragile economy.

US debt default will do that? How?

Although I don't think the US will default on its debt just because it can't borrow more. In fact, every dollar paid in Social Security reduces the debt. The US is free to issue bonds up to the limit. This, like the rush to appropriate money for all those "shovel ready" jobs that didn't exist, is just another money grab.

There are debts this country has run up..like financing 2 wars..that we will default on. If there isn't enough money in the treasury to finance those debts..penalties will accrue. We also have foreign debts subject to the same risk.

What this will do is demostrate to other nations that this country is so dysfunctional it cannot even take care of it's finances. They will look to other currencies to purchase and peg their own to. And they will look to other countries to make trade agreements with.

This works fine if your goal is to be a pariah and isolationist. And it would turn this country, effectively, into a third world country with a big military.

How's that working out for the Democratic Republic of North Korea?

Do you honestly think that other countries don't already know that we don't have enough to pay our debts?

 

[DavidS]

US debt default will do that? How?

Although I don't think the US will default on its debt just because it can't borrow more. In fact, every dollar paid in Social Security reduces the debt. The US is free to issue bonds up to the limit. This, like the rush to appropriate money for all those "shovel ready" jobs that didn't exist, is just another money grab.

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 veterans 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 obligations. It means we have a well-earned reputation for reliability and credibility – two things that set us apart from much of the world.

They do that so they can pretend to the American people that they're 'fighting' to 'save' America. Both sides do it. Sheep fall for it.

Do you disagree with what I posted above?

 

[Sallow]

US debt default will do that? How?

Although I don't think the US will default on its debt just because it can't borrow more. In fact, every dollar paid in Social Security reduces the debt. The US is free to issue bonds up to the limit. This, like the rush to appropriate money for all those "shovel ready" jobs that didn't exist, is just another money grab.

There are debts this country has run up..like financing 2 wars..that we will default on. If there isn't enough money in the treasury to finance those debts..penalties will accrue. We also have foreign debts subject to the same risk.

What this will do is demostrate to other nations that this country is so dysfunctional it cannot even take care of it's finances. They will look to other currencies to purchase and peg their own to. And they will look to other countries to make trade agreements with.

This works fine if your goal is to be a pariah and isolationist. And it would turn this country, effectively, into a third world country with a big military.

How's that working out for the Democratic Republic of North Korea?

Do you honestly think that other countries don't already know that we don't have enough to pay our debts?

No..they know we have more then enough to finance our debts.

We have a 13 trillion dollar economy.

We have American corporations making more profit then most countries entire GDP.

What we have, however, is a world looking in awe, at the greatest nation on earth being held hostage by small minority of hooligans. Which, in affect, are proving that our Liberal Democratic Republic is in trouble..and big trouble..politically.

So they will be looking more at the Free Market/Oligarchical models of China and Singapore as examples of a system to follow.

Thanks to conservatives.

 

[Si modo]

There are debts this country has run up..like financing 2 wars..that we will default on. If there isn't enough money in the treasury to finance those debts..penalties will accrue. We also have foreign debts subject to the same risk.

What this will do is demostrate to other nations that this country is so dysfunctional it cannot even take care of it's finances. They will look to other currencies to purchase and peg their own to. And they will look to other countries to make trade agreements with.

This works fine if your goal is to be a pariah and isolationist. And it would turn this country, effectively, into a third world country with a big military.

How's that working out for the Democratic Republic of North Korea?

Do you honestly think that other countries don't already know that we don't have enough to pay our debts?

No..they know we have more then enough to finance our debts.

....

Really. Where is that money to pay our debt?

 

[California Girl]

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 veterans 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 obligations. It means we have a well-earned reputation for reliability and credibility – two things that set us apart from much of the world.

They do that so they can pretend to the American people that they're 'fighting' to 'save' America. Both sides do it. Sheep fall for it.

Do you disagree with what I posted above?

I can't dumb down enough to read your posts.

 

[Truthmatters]

Where is the historical PROOF both sides do this????????????

 

[Truthmatters]

Yeah I thought so.


More bullshit lies about "they all do it" when the republican party sticks its head up its ass.

 

[Si modo]

Partisans are the ones who think it only takes one to play brinkmanship.

Idiots.

 

[Sallow]

Do you honestly think that other countries don't already know that we don't have enough to pay our debts?

No..they know we have more then enough to finance our debts.

....

Really. Where is that money to pay our debt?

At the beginning of the Bush administration? In the Bush administration hot little hands.

So they were like..surplus what to do..what to do...

Pay off debt?

Naw.

TAX CUTS!

 

[Truthseeker420]

If the US defaults and/or our credit is downgraded, our stock market is going to plummet. Think 2008 was scary? Look at 2011. Imagine watching the DOW plummet 1000 points in a day. 2,000. Think DOW 6500 was bad? Wait til DOW 3500.

The radical right wing Republicans are going to kill us all and destroy an already fragile economy.

It would kill the economy but life would still go on.

 

[Si modo]

No..they know we have more then enough to finance our debts.

....

Really. Where is that money to pay our debt?

At the beginning of the Bush administration? In the Bush administration hot little hands.

So they were like..surplus what to do..what to do...

Pay off debt?

Naw.

TAX CUTS!

I have no idea how this answers my question.

 

[xsited1]

If the US defaults and/or our credit is downgraded, our stock market is going to plummet. Think 2008 was scary? Look at 2011. Imagine watching the DOW plummet 1000 points in a day. 2,000. Think DOW 6500 was bad? Wait til DOW 3500.

The radical right wing Republicans are going to kill us all and destroy an already fragile economy.

The government could maintain the confidence of investors by prioritizing interest payments, but Obama never lets a crises go to waste so I'm sure he'll try his best to crash the stock market for political points.