The Republican default on the debt

[Hawkeye10]

We are going to be forced, sooner rather than later, to live within our means.

Starting now would be a good idea.

[Concart]

We are going to be forced, sooner rather than later, to live within our means.

Starting now would be a good idea.

This isn't about 'starting now'. It's about paying the money you already owe.

[Grokmaster]

To be fair Poli


The republicans 2008 economic crash was caused mostly be republicans deregulation of the banking and mortgage industry

EXCEPT THAT IT WAS CLINTON WHO DID IT....

[Into the Night]

https://www.cbsnews.com/news/debt-ce...illion-wealth/



Will cause another recession



They hate America


They cut taxes for the wealthy


Which caused this debt


Now they refuse to pay for it



They are just like Orange Donny



Take everything and never pay their debts

The debt is held by The Oligarchy, not the Republican party.
Tax cuts do not cause debt.
You don't have to pay for tax cuts.
Everyone received tax cuts under Trump.

[Into the Night]

So why does the entire right want a debt default after causing this debt?

They didn't cause this debt. No one wants a default.

[Into the Night]

I want to be a Republican. That way, I can apply for credit, run the bill up, and then refuse to pay for it. Republicans have no integrity.

Republicans are not refusing to pay bondholders.

[Into the Night]

OP Link:

"The U.S. economy could plunge into another recession this fall if Congress fails to lift the debt ceiling and the nation is unable to pay its obligations, according to an analysis by Moody's Analytics chief economist Mark Zandi. The fallout would wipe out as many as 6 million jobs and erase $15 trillion in household wealth, he estimated in a report.

The debt limit is the maximum amount the U.S. is permitted to borrow to pay its debts. If the amount of government debt hits that threshold without lifting the ceiling by current mid-October deadline estimates, the U.S. would be unable to pay interest on the trillions it already owes and could default — something that has never happened in the nation's history.

In real terms, the nation would soon return to high unemployment rates, approaching 9% compared with its current rate of 5.2%. Also, come November 1 checks for millions of Social Security recipients would be delayed, Zandi noted. And stock prices would likely plunge by one-third, sparking that $15 trillion loss in household wealth. Meantime, mortgage rates and other interest rates for things like credit cards and auto loans would spike.

Pensions for veterans would lapse, and benefits for millions of Americans receiving food assistance would be halted. The carnage could also freeze daily corporate cash flows and bond and credit markets. "

This economic carnage brought to you by Republicans.

Nope. Brought to you by The Oligarchy, which spends too much money.

[Into the Night]

I paid good money for the Donald to teach me how to go bankrupt. He's the best in the world at that.

Trump has never filed for personal bankruptcy.

[Damocles]

Nobody is defaulting on the debt. If the leftists really cared about it other than as an issue to convince the Deshes of the world they would stop trying to mingle it with other filthy partisan nonsense they know that the other folks cannot support.

[Into the Night]

And interest rates would be double digit. It's insane to even consider it, but this Republican party has never had the best interests of the country in mind.

And how do Republicans suddenly have this magick power to override the Democrats???

[Damocles]

And how do Republicans suddenly have this magick power to override the Democrats???

They don't. The real problem is the filthy partisan nonsense they mingled it with actually turned off some of the Democrats too.

[Into the Night]

Every single expenditure that gets approved by Congress has to get paid for.

There has to be a way to pay for everything that's voted on.

Except one thing, of course.

!!! WAR !!!

Why do we have no law that forces our government to figure out how to pay for war?

A HUGE part of our debt is because of unfunded wars.

We always used to just go ahead and figure out how to pay for the many wars we got into. We didn't need a law to tell us they had to be paid for. Well, that was until GWB came along and got us into Afghanistan AND Iraq, and at the same time (I kid you not) he squandered a budget surplus left to him by a Democratic President, and proceeded to send out free money checks to Americans.

America went on a spending spree and racked up so much debt that the economy collapsed in 2008.

We've been paying for it ever since and Republicans will tell you THEY are the ones who are responsible with the debt. Ha ha.

After THEY voted in the biggest tax cut for the rich of the last century.

With no way to pay for it.

And now they want to cut off our ability to borrow to pay for that tax cut, just to make DEMOCRATS look bad.

Go figure.

So how do Republicans suddenly have this marvelous power??

[Into the Night]

To be fair Poli


The republicans 2008 economic crash was caused mostly be republicans deregulation of the banking and mortgage industry

Nope. It was caused by the Fed, and by Carter's and Clinton's 'fair' housing acts. The RINO Bush Jr did nothing to correct it. He's just a Democrat calling himself a Republican.

[Into the Night]

This isn't about 'starting now'. It's about paying the money you already owe.

Nothing is affecting that.

[Guno צְבִי]

Trump has never filed for personal bankruptcy.