Like I said..this never happened before..this would be a first.
All sorts of things are possible.
I personally think that defaulting is a disaster.
And I am unable to get my mind around why anyone would play games with it.
I worked in the financial industry for 15 years. This is incomprehensible. Even the Plutocratic backers of the Republican party are shocked.
I don't trust these people to tell me anything.
The entire government - BOTH SIDES - get a vote of "no confidence" from me.
The sheer fact that Fannie/Freddie is costing taxpayers $317,000,000,000 -
SO FAR -
That the SEC and FED did not warn or do anything about the impending 2008 collapse either shows incomprehensible incompetence or unforgivable corruption and deceit....either case...they both need an overhaul.
The fact that the Democrats have not provided the worlds largest economy a Goddamn budget in over two years - extraordinary irresponsibility.
That the Presidents budget was unanimously voted down shows you Sallow that this administration is of a new magnitude of incompetence.
I don't believe them. And - AGAIN - Sallow if refusing to raise the national debt really does create this much of a disaster - then we must immediately - and I mean this f*cking second begin dramatically reducing entitlements and start collecting taxes on the 55% of employed people who do not pay any income tax at all.
The top 5% income earners pay 58% of tax receipts...what...they should pay 75% - is this the answer?