The Tea Party Says Nothing Will Happen If We Default

[Faun]

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While I have virtually no faith or trust in professional politicians at this point, I refuse to believe that the Tea Party politicians don't understand the ramifications of even the HINT of a default.

That would mean they have no understanding of international economies and markets, no appreciation of America's role in international financial systems, no knowledge of how a weakened image of America's financial stability manifests as competitive governments and currencies sense blood in the water, no understand of the damage that can be done to an already terribly fragile domestic economy, NONE of it.

I have to believe they understand this and will not let this continue much longer. If they truly don't understand what this means, we're in even worse shape than I thought.

.

Given what the Tea Party have been saying it is readily apparent that they don't have any comprehension of the ramifications of what they are doing.

If they get their way we are all screwed, including the Tea Party.

The Tea Party Brotherhood shares this strategary with the ayatollah. Just as Iran has suggested a nuclear exchange with Israel would be a win for Iran since Israel is much smaller, thus making the damage that much greater in comparison to Iran -- the Teahadi's have decided they would emerge the winner in a destruction of the United States.

 

[bravoactual]

They say it's all a hoax being perpetuated on us like global warming.

But if the Default does affect us and it does a lot of harm to our economy, do you suppose the Tea Party will take responsibility for making a bad prediction, or do you suppose they'll then blame President Obama for it?

If the "Debt Ceiling does not exist", then why oh why did the Great Ronnie God, The Rectum God himself...the Great Eater of Jelly Beans....The Sage of Nap Takers RAISE THE DAMN DEBT CEILING NINETEEN (19) FRACKING TIMES?

 

[Derideo_Te]

I agree. To that end, we need to remove at least 20 Senate Democrat seats and replace them with Senators who have sound finanical backgrounds so that we can begin to move toward a sane budget for this country.

Except that the math doesn't work that way. Only 10 Dem seats are up and 24 Republican seats. Of those 24, 7 GOP seats are in states carried by Obama in 2012. At the rate the Tea Party is going with the current government shutdown those 7 seats might end up changing sides in 2014. There needs to be a resolution to the current crisis now or those 7 Senate seats could be history.

Wow....

When dimocraps bring the stupid.... They really bring the stupid

United States Senate elections, 2014 - Wikipedia, the free encyclopedia

Among the seats up for election in 2014, currently, there are 21 held by Democrats and 14 held by Republicans with the seat in New Jersey pending a special election without the incumbent running.

Mea culpa. I was looking at 2016 not 2014.

 

[Katzndogz]

The democrats fund propaganda, but won't fund science.

Corporation for Public Broadcasting got $445 million on first day of government slimdown; calls funding 'indispensible' | Fox News

Funding for clinical cancer trials and other life-saving research under the National Institutes of Health was cut off in response to the government slimdown, but it looks like the cookie monster will still be knee-deep in chocolate chips (or is it carrots now?)

According to the Daily Treasury Statement and first reported by CNS News, the administration dished out $445 million to the Corporation for Public Broadcasting (CPB) on the first day of the slimdown, which means funds for the likes of PBS Newshour, NPR and “Sesame Street” are being spent before cancer research.

“It’s more than irresponsible, it is reprehensible. It’s an ‘in-your-face’ move by the administration, blatantly picking winners and losers in this shutdown,” C. Edmund Wright, a columnist for Breitbart.com and American Thinker, told FOX411. “Public broadcasting is a staple of liberal propaganda.”

What's more important, Cancer treatment or liberal propaganda?

 

[Derideo_Te]

Obama and Reid should be horsewhipped for being the ones primarily responsible for partially shutting down the government! Then, they have the nerve to lie and blame it on others! Geeez!

Threats of violence on top of extortion? Obviously democracy is not something you comprehend.

 

[Stephanie]

.

While I have virtually no faith or trust in professional politicians at this point, I refuse to believe that the Tea Party politicians don't understand the ramifications of even the HINT of a default.

That would mean they have no understanding of international economies and markets, no appreciation of America's role in international financial systems, no knowledge of how a weakened image of America's financial stability manifests as competitive governments and currencies sense blood in the water, no understand of the damage that can be done to an already terribly fragile domestic economy, NONE of it.

I have to believe they understand this and will not let this continue much longer. If they truly don't understand what this means, we're in even worse shape than I thought.

.

Given what the Tea Party have been saying it is readily apparent that they don't have any comprehension of the ramifications of what they are doing.

If they get their way we are all screwed, including the Tea Party.

The Tea Party Brotherhood shares this strategary with the ayatollah. Just as Iran has suggested a nuclear exchange with Israel would be a win for Iran since Israel is much smaller, thus making the damage that much greater in comparison to Iran -- the Teahadi's have decided they would emerge the winner in a destruction of the United States.

oh brother..
goofy but expected from those so caring of others. as they like to crow they are

you get lovely stuff like this from them against their fellow countrymen and women

 

[JoeNormal]

another thread started for nothing but hate on something someone MADE UP and is a lie

no links, NO NOTHING

Yeah we hate tea baggers. You guys can't seem to understand why. No links, no nothing? Have you read this thread? Jeezus, some people are really too stupid to argue with.

 

[eflatminor]

The Tea Party Says Nothing Will Happen If We Default

I noticed you didn't provide a link or any proof whatsoever for this claim.

You're full of shit, I understand.

Not raising the debt limit is NOT the same thing as "default". Nobody's saying it's okay to default...so stop making shit up.

Meanwhile, you continue to argue that we should borrow more money on top of the trillions in debt we already have in order to employ non essential workers...

 

[eflatminor]

They argue the US Treasury department could comfortably prioritise debt payments over other obligations, thereby avoiding default.

And they would be correct.

We take in PLENTY of tax revenues to pay the debt. Hell, we take in enough tax revenue to fund the entire government operation we had WAAAAAAY back in 2008.

But oh God, wasn't that just horrible back then?!

 

[eflatminor]

From the same link

Ted Yoho, a first-term Tea Party congressman from Florida, went even further last week, telling the Washington Post that not raising the debt limit ”would bring stability to the world markets” by assuring investors the US was curbing its $16.7tn debt load.

Because more debt is a good thing???

"No generation can contract debts greater than may be paid during the course of its own existence." T Jefferson

But I'm sure YOU know better...

 

[eflatminor]

That's the most ludicrous thing I ever heard.

The most ludicrous thing I've ever heard is when you said we hadn't added to the debt under Obama!

Tell us another story would you...

 

[eflatminor]

Do you have a link for this claim?

Here you go..

For Ted Yoho, government shutdown is ?the tremor before the tsunami? - The Washington Post

So, not arguing for default.

Wow, you guys really need to get dictionary.

Again, we have PLENTY of money to pay the interest on the debt. Nobody is arguing for default. Default ain't gonna happen. How about you stop the fear mongering???

 

[eflatminor]

The new talking point is that even if we hit the debt ceiling....and do not raise it....we will not default because we have plenty of money to cover our debts.

Everything is going to be just fine.

Hard to believe isn't it?

Military foundation steps up to cover 'disgusting' delay in payments for families of fallen - U.S. News

It's not like there isn't an ongoing war or anything..

You do realize the Congress pass a law before the partial shutdown to ensure this didn't happen. Your guys choose to ignore that law (typical) in order to fear monger. Also typical.

 

[eflatminor]

Tea Party unmoved by threat of US default - FT.com

So, it's not a default

Because the Tea Party says so?

No, because the economic realities of how much tax revenue the federal government collects ensure there will be no default.

Are you really this stupid or are you just being obtuse?

 

[NYcarbineer]

So, it's not a default

Because the Tea Party says so?

No, because the economic realities of how much tax revenue the federal government collects ensure there will be no default.

Are you really this stupid or are you just being obtuse?

The economic realities of that revenue also ensure that if interest payments are made in full,

40% of everything else cannot be paid. Do you really think that's a scenario that the country can just stroll through, unaffected?

 

[bendog]

Because the Tea Party says so?

No, because the economic realities of how much tax revenue the federal government collects ensure there will be no default.

Are you really this stupid or are you just being obtuse?

The economic realities of that revenue also ensure that if interest payments are made in full,

40% of everything else cannot be paid. Do you really think that's a scenario that the country can just stroll through, unaffected?

Of course not, but it does give me a happy face thinking of the seniors' phone calls to TPM congressmen when the soc sec checks only get sent out 60% of the time. And, I won't feel sorry for them because they elected these IDIOTS

 

[bripat9643]

They say it's all a hoax being perpetuated on us like global warming.

But if the Default does affect us and it does a lot of harm to our economy, do you suppose the Tea Party will take responsibility for making a bad prediction, or do you suppose they'll then blame President Obama for it?

Do you suppose you could actually quote someone saying that?

From the same link

Ted Yoho, a first-term Tea Party congressman from Florida, went even further last week, telling the Washington Post that not raising the debt limit ”would bring stability to the world markets” by assuring investors the US was curbing its $16.7tn debt load.

Notice how quickly Bripat ran away weeping when you called his bluff?

It's easy to see that the Tea Party is firmly in control of the GOP and calling the shots. The true Speaker is now Ted Cruz.

.

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He didn't call my bluff, moron. He failed to post a quote of a TEA Party member saying defaulting on our debt was not a problem. They said not raising the debt limit was not a problem. Two entirely different things.

 

[Derideo_Te]

The Tea Party Says Nothing Will Happen If We Default

I noticed you didn't provide a link or any proof whatsoever for this claim.

You're full of shit, I understand.

Not raising the debt limit is NOT the same thing as "default". Nobody's saying it's okay to default...so stop making shit up.

Meanwhile, you continue to argue that we should borrow more money on top of the trillions in debt we already have in order to employ non essential workers...

Splitting hairs means that you are avoiding the issue that the GOP is going to be 100% responsible when the US defaults on debt obligations because the debt ceiling was not increased.

 

[Derideo_Te]

So, it's not a default

Because the Tea Party says so?

No, because the economic realities of how much tax revenue the federal government collects ensure there will be no default.

Are you really this stupid or are you just being obtuse?

The only obtuseness being demonstrated here is by those Tea Party members who believe that you can still pay 100% of the debt obligations with only 60% of the income!

 

[bripat9643]

Because the Tea Party says so?

No, because the economic realities of how much tax revenue the federal government collects ensure there will be no default.

Are you really this stupid or are you just being obtuse?

The economic realities of that revenue also ensure that if interest payments are made in full,

40% of everything else cannot be paid. Do you really think that's a scenario that the country can just stroll through, unaffected?

If government spending was cut by 40 percent it would be great for the country. Cutting it by 80 percent would be even better.