Why the US Won't Default Even Without a Deal

Damocles said:
Which is simple fear mongering. To service the debt they would have to push money into different pools, but there is zero chance of default even without a deal. You're a sheep, following whatever the left tells you. You should get in the closet, I hear that tornadoes can break your windows and hurt you. It shouldn't matter to you that there is no storm, all I have to do is tell you that the windows could break and you'll huddle away...
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Way to go Damo!

Saying it like it is.
 
Damocles said:
Which changes absolutely nothing about my post or add to the subject of this thread at all. This is a foolish non-starter and has no bearing whatsoever on the thread. Although it would be a good thread of its own where we were talking about Italy with different numbers, different taxation, and an economy built on the policies that the President propounds.
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I pointed this out because we live in an interconnected world now and an Italian default will have major repercussions on the world's economy.
 
tom prendergast said:
I pointed this out because we live in an interconnected world now and an Italian default will have major repercussions on the world's economy.
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However, it won't make the US default any more than not raising the debt ceiling will. While an Italian default would have repercussions, and it should be discussed in its own right, it doesn't really add to this particular topic.
 
Damocles said:
However, it won't make the US default any more than not raising the debt ceiling will. While an Italian default would have repercussions, and it should be discussed in its own right, it doesn't really add to this particular topic.
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I suggest otherwise, the world's economy is teetering right now and it wouldn't take much for it to go down the toilet again.
 
tom prendergast said:
I suggest otherwise, the world's economy is teetering right now and it wouldn't take much for it to go down the toilet again.
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You've been duped by dastardly deceiving Democrats. The Dalai Damocles has said there will be no default, and it won't matter if there is.
 
(\(\(\/)/)/) said:
Perhaps you should ride across country, ringing those bells and firing warning shots.
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Perhaps, as my first convert, you should just go to your window and open and shout about it to everybody you see passing by. You can fire warning shots as you please, just don't use a bow and arrow fired straight into the air, that can hurt.
 
Damocles said:
Perhaps, as my first convert, you should just go to your window and open and shout about it to everybody you see passing by. You can fire warning shots as you please, just don't use a bow and arrow fired straight into the air, that can hurt.
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It shall be as you command, Dalai Damocles.
 
personally I think $4 trillion over 12 years is too little, just around $333 billion a year.....it may be enough to justify raising the debt limit, but it isn't enough to justify passing the 2012 budget......Obama's proposed budget clocks in at $800 billion more spending than 2011....saying we will reduce that to an increase of only $500 billion is excessive.....

if Michigan, which has probably the worst economy of all 50 states can write a balanced budget without a tax increase, the US ought to be able to.....
 
Damocles said:
Perhaps, as my first convert, you should just go to your window and open and shout about it to everybody you see passing by. You can fire warning shots as you please, just don't use a bow and arrow fired straight into the air, that can hurt.
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if he's going to fire warning shots, perhaps he should hold the muzzle to his ear to make sure it's loud enough for people to hear......
 
PostmodernProphet said:
personally I think $4 trillion over 12 years is too little, just around $333 billion a year.....it may be enough to justify raising the debt limit, but it isn't enough to justify passing the 2012 budget......Obama's proposed budget clocks in at $800 billion more spending than 2011....saying we will reduce that to an increase of only $500 billion is excessive.....if Michigan, which has probably the worst economy of all 50 states can write a balanced budget without a tax increase, the US ought to be able to.....
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Then you must really hate the GOP's deficit reduction plan, PiMP, since it calls for a smaller spending reduction.
 
Damn Yankee said:
We can pay the interest on our debt, or continue to support Democrat pet projects and prop up public employee unions.
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As Damocles wrote in msg # 9,
To service the debt they would have to push money into different pools, but there is zero chance of default even without a deal.
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They can start by withholding all Republican Congress member's pay checks and use the money for pension pay-outs for the elderly. Then do a thorough inquiry into all Republican projects and immediately freeze accounts and use the money for Medicare and Medicaid.

If Republicans persist on not raising the debt limit start looking at States that have Republican Governors. Any transfer payments to automatically go to the States with Democratic Governors. When the citizens start demonstrating tell them the simple truth. The people for whom they voted have refused to release funds to cover necessary expenses. Why should the rest of the country suffer because of their position? Why should the citizens of New York or Oregon suffer because the representatives of Iowa or Michigan believe the rich should be richer?

No debt limit raise? Fine. The Republican States and, by virtue, the citizens thereof will be the first to experience the result. It only seems fair that those who propose and support such legislation should "benefit" from it first.
 
apple0154 said:
As Damocles wrote in msg # 9,

They can start by withholding all Republican Congress member's pay checks and use the money for pension pay-outs for the elderly. Then do a thorough inquiry into all Republican projects and immediately freeze accounts and use the money for Medicare and Medicaid.

If Republicans persist on not raising the debt limit start looking at States that have Republican Governors. Any transfer payments to automatically go to the States with Democratic Governors. When the citizens start demonstrating tell them the simple truth. The people for whom they voted have refused to release funds to cover necessary expenses. Why should the rest of the country suffer because of their position? Why should the citizens of New York or Oregon suffer because the representatives of Iowa or Michigan believe the rich should be richer?

No debt limit raise? Fine. The Republican States and, by virtue, the citizens thereof will be the first to experience the result. It only seems fair that those who propose and support such legislation should "benefit" from it first.
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Yes. Its all Republicans fault.
 
Damn Yankee said:
Yes. Its all Republicans fault.
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I'm not placing blame. All I'm saying is the people who champion certain actions should be the first to experience the results.

Conversations can and have gone round and round concerning what would result if the debt limit isn't raised. It's like telling a child/young adult not to do something but they keep insisting it's OK. There comes a point where further talk is unproductive and they have to actually experience the results themselves.
 
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