they also believe defaulting on the debt is a good thing. i’m surprised no wall street backer are ordering their rep to not default on the debt. even the conservative wealthy are not ordering their rep about this, since many of them are directly/indirectly have a lot of gov’t bonds.
It is a sad truth that it often takes a disaster before people will recognize that there are worse things that can happen. People are claiming this action or that action is going to destroy the nation as we know it. In less than 10 days, we will learn if there is something worse than raising debt ceilings. Even Ronald Reagan described a failure to raise the debt limit as “dangerous” See his video below.^http://www.youtube.com/watch?v=Dm80d4XUgFg^It has been hard for me to understand how a president with term limits can do the permanent damage of which the right speaks. I have seen first hand the damage the sequester and the constant financial wars our nation has every few months has done to big business, small business, and Americans from all walks of life.The last time we didn’t raise the debt limit, we lost our credit rating and the USA is paying for that in higher interest payments in international transactions. The gov’t shutdown is costing 200 million a day, 1 billion every 5 days.I want our nation to balance its checkbook, but with common sense and long range planning based on bipartisan committee input from experts in all of the fields of endeavor that drives our nation and, at one time, made it the example to which the peoples of other nations looked.At what point does the law of diminishing returns kick in? We will see.Respectfully,C.
not sure if he can without a possible impeachment process with no impeachment of president obama. 14th amendment is a gray area that they may invoke. the coin may have serious economic consequences, executive can’t empower prioritization of 100+ million/day treasury payments. executive could issue new bonds, but congress has to approve those new bonds. then, scotus doesn’t want to rule on the constitutionality of the debt limit law. or, the 14th amendment, or, prioritization of payments. tpm has a good article about this.
‘Please quote any Republican saying defaulting on the debt is a “good” thing.’-“I think we need to have that moment where we realize [we’re] going broke,” Yoho said. If the debt ceiling isn’t raised, that will sure as heck be a moment. “I think, personally, it would bring stability to the world markets,” since they would be assured that the United States had moved decisively to curb its debt.— Republican Congressman Ted Yoho
ConserveGov over 10 years ago
Sometimes, like having a limb removed, pain saves a life down the road.
thirdguy over 10 years ago
This is more like cutting off your nose, to spite your face.
vwdualnomand over 10 years ago
they also believe defaulting on the debt is a good thing. i’m surprised no wall street backer are ordering their rep to not default on the debt. even the conservative wealthy are not ordering their rep about this, since many of them are directly/indirectly have a lot of gov’t bonds.
Enoki over 10 years ago
Boy, the Progressive Left sure has a one track mind on the budget and in this case the track leads straight to a train wreck….
lonecat over 10 years ago
What a wonderful drawing.
chazandru over 10 years ago
It is a sad truth that it often takes a disaster before people will recognize that there are worse things that can happen. People are claiming this action or that action is going to destroy the nation as we know it. In less than 10 days, we will learn if there is something worse than raising debt ceilings. Even Ronald Reagan described a failure to raise the debt limit as “dangerous” See his video below.^http://www.youtube.com/watch?v=Dm80d4XUgFg^It has been hard for me to understand how a president with term limits can do the permanent damage of which the right speaks. I have seen first hand the damage the sequester and the constant financial wars our nation has every few months has done to big business, small business, and Americans from all walks of life.The last time we didn’t raise the debt limit, we lost our credit rating and the USA is paying for that in higher interest payments in international transactions. The gov’t shutdown is costing 200 million a day, 1 billion every 5 days.I want our nation to balance its checkbook, but with common sense and long range planning based on bipartisan committee input from experts in all of the fields of endeavor that drives our nation and, at one time, made it the example to which the peoples of other nations looked.At what point does the law of diminishing returns kick in? We will see.Respectfully,C.
chazandru over 10 years ago
You’re not alone, Parker.sympathetically,C.
vwdualnomand over 10 years ago
not sure if he can without a possible impeachment process with no impeachment of president obama. 14th amendment is a gray area that they may invoke. the coin may have serious economic consequences, executive can’t empower prioritization of 100+ million/day treasury payments. executive could issue new bonds, but congress has to approve those new bonds. then, scotus doesn’t want to rule on the constitutionality of the debt limit law. or, the 14th amendment, or, prioritization of payments. tpm has a good article about this.
chazandru over 10 years ago
Welcome back, Howie.Missed you.Sincerely,C.
braindead Premium Member over 10 years ago
‘Please quote any Republican saying defaulting on the debt is a “good” thing.’-“I think we need to have that moment where we realize [we’re] going broke,” Yoho said. If the debt ceiling isn’t raised, that will sure as heck be a moment. “I think, personally, it would bring stability to the world markets,” since they would be assured that the United States had moved decisively to curb its debt.— Republican Congressman Ted Yoho