Should Republicans let the nation default?

The Republicans have threatened to force the nation into default if Obama won't negotiate over budget cuts.

Should they stick to their threat?

 

If they do the rest of the world should have their nukes and missiles aimed right at Washington and states where these politicians came from.

 

I don't think genocide is a reasonable response to a default.

 

The US is aiming a nuke at the world economy so why not aim real nukes at the US who are threatening a financial apocalypse?

 

does that mean we can nuke Toronto, Montreal, Vancouver, and Calgary?

 

You are already aiming the financial equivalent of a nuke at Canada. You're about to put us into a deeper recession than before.

 

Thomas Sowell and Rush Limbausgh are of the opinion that the country's tax revenues are more than enough to prevent a default.

Unless King Obama manipulates it to make sure we DON'T have enough $$ to pay our bills.

But Obama wouldn't do something that dastardly which would make the American people suffer needlessly so he could get his way, would he?

Would he????

 

Rush Limbaugh thinks we take in enough revenue every month to finance all of our financial obligations.

Secretary of the Treasury says we don't.

I wonder who we should believe?

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that's what happens when you threaten to nuke us.

 

I'm all for defaulting and welcome the imposition of martial law. I'm bored and think this world needs something wonderfully horrible.

 

I really can't see a better way around it.

If you borrow, you simply devalue the American economy even more and effectively stall the problem for a longer period of time so someone in the future picks it up. At that point, they'll have to default when the world simply refuses to play along with the US's funny money.

If you don't borrow, we default now and have to deal with the problem. Either way, the austerity that will result will definitely have people up in arms because they're basically paying for the wreckless spending of the entire government...and some of those super large financial/corporate types that also ran off with our money.

 

The answer to your conundrum will suggest why you guys are so often on the wrong side of debates here at PF. And why you libs are screwing up America as badly as you are.

Yeah, believe the Government.

LOLOLOL

 

http://money.cnn.com/2013/10/07/news/economy/debt-ceiling/index.html?hpt=hp_t1

this is what happens if we default.

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you believe a deaf drug addict demagogue over the Secretary of the Treasury?

wow.

 

Here is what makes Conservatives better at arriving at the truth.

We don't settle for the first answer we find. Especially the ones that agree with our pre-conceived notions.

http://www.forbes.com/sites/richard...cy-agreement-or-not-there-will-be-no-default/

 

stupid idiots think our Treasury debts are the only financial obligations the USA possesses.

we have lots of financial obligations, not just interest on the debt and cashed out Treasuries.

 

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I'm with you on this one" Manny"

Bring On The Total Collapse



Bye Bye Miss American Pie
& Bye Bye to any other Hate & Death Driven
numan beans on this Woe begotten Planet





Excuse Me while I Enjoy the Comedy

Watching you Yankee Maniacs being manipulated into your Repug/Demo dichotomy
& allow yourselves to be Polarized by your propaganda, to the point that you Hate & Fear,
not only the rest of the World - but at least 50% of the citizens of your own Country


& now you Idiots are about to give your already weakend House of Cards a Stiff Kick
in the corner & bring the whole Corrupt ediface down upon your GREEDY Stupid selves

Rather than
give your citizens, even a Jigged Up Corporate sponsored - Health Care System –

Health Care Something the rest of the developed World takes for granted
Health Care Something even Libya use to have until you Bombed it back to the stone age
................................................& turned it into a Ruin for Scorpions & Jackals to haunt


Read more at
http://investmentwatchblog.com/total-economic-collapse-bye-bye-miss-american-pie/

Stage 1: Financial Collapse. Faith in “business as usual” is lost.
The future is no longer assumed to resemble the past in any way that allows risk
to be assessed and financial assets to be guaranteed. Financial institutions be-
come insolvent; savings wiped out and access to capital is lost.

Stage 2: Commercial Collapse. Faith that “the market shall provide” is lost.
Money is devalued and/or becomes scarce, commodities are hoarded, import and retail
chains break down and widespread shortages of survival necessities become the norm.

Stage 3: Political Collapse. Faith that “the government will take care of you” is lost.
As official attempts to mitigate widespread loss of access to commercial sources of survival
necessities fail to make a difference , the political establishment loses legitimacy and relevance.

Stage 4: Social Collapse. Faith that “your people will take care of you” is lost,
As social institutions, be they charities or other groups that rush to fill the power vacuum, run out
of resources or f ail through internal conflict.

Stage 5: Cultural Collapse. Faith in the goodness of humanity is lost.
People lose their capacity for “kindness, generosity, consideration, affection, honesty, hospitality,
compassion, charity.” Families disband and compete as individuals for scarce resources. The new
motto becomes “May you die today so that I can die tomorrow.”
:

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Keiser On Shutdown: America is One Giant Hedge Fund
......................................... & World's Greatest Soap Opera

[video=youtube;9O-VSvb4enc]http://www.youtube.com/watch?v=9O-VSvb4enc[/video]

http://www.youtube.com/watch?v=9O-VSvb4enc


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Just let them take the American factories in their countries and seize any funds that our 1% have stashed in their countries.

 

If Obama had any balls, he'd see to it that the Treasury issued currency directly, instead of using debt based FED notes.
But he's just a banking whore like all the rest, and won't.

 

RepubliCONs created the debt and should have to pay for it out of their pockets.

 

Right wingers force us to pay for Israel's health care but, somehow, in their drugged up and twisted minds, affordable health care for Americans is a crime against humanity. 45,000 Americans died every year for lack of health care in this Republican created holocaust. Yet, these traitors feel that is a good thing - they are so stupid as to be mind boggling.

 

The Republicans have put forth spending bill after spending bill to fund necessary parts of the government from the House that the Senate has rejected, therefore the Senate Democrats are forcing a shut down.

 

You think YOU know better than FORBES???



LOLOLOL

 

Mr. Truth - don't speak lies.

Mr. Truth - dont' speak truth.

 

now that is some spurious logic that only the ignorant, stupid or partisan could actually believe.

the shutdown is about using a normal course of fiscal business (the CR) to extort policy concessions.

In this particular case, the republicans having failed 40 times to repeat/defund obamacare determined that by holding government operations hostage they could achieve blocking a legally constituted law of the land. What's worse is they planned this move over 8 months ago with total and complete disregard to the pain they are inflicting on millions of Americans, the negative economic impacts and the ridiculous unnecessary costs.

What is even worse, is that they are now threatening the same tactics with the debt ceiling dispite the fact that raising it only pays for the expenditures that CONGRESS has already approved.

This of course is worse because by jeopardizing the credit and good faith of America they are threatening the world with economic catastrophe. With complete disregard. That a minority of "tea partiers" are driving this almost treasonous political grandstand is interesting. If the global economy does collapse, the guys with all the money (read 1%) will "clean up" buying the rest of america at pennies on the dollar while the nation and the world starves.

Worse than that even is the fact that these idiots are totally ignorant and oblivious of the consequences.
this despite the mere threat of default having lowered America's credit rating (costing the US billions) not once but twice - in the real world, demonstrations of such fiscal irresponsibility usually have negative consequences.

It doesn't take a rocket scientist to examine the facts and understand the implications of default. Here are the facts about foreign ownership of US financial assets.

http://www.cfr.org/economics/quarterly-update-foreign-ownership-us-assets/p25685

And here is a CRS study:

Foreign Ownership of U.S. Financial Assets: Implications of a Withdrawal

And despite these irrefutable facts, the tea partiers and radical righties remain oblivious and intransigently ignorant. Which makes their hypocritical symbolic wrapping themselve up in the flag and the constitution(which they fail to understand) all the more sickening.

the world is laughing nervously hoping not to start crying.

 

So who are the 7 dwarves who think a global recession, a devalued dollar and higher interest rates are a good idea?