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It's amazing how many economically clueless right wingers there are who think that the entire debt ceiling concept is some sort of a consequence-free myth invented by Obama. You people probably also think that men never landed on the moon and that Elvis still lives.
It's amazing how many economically clueless right wingers there are who think that the entire debt ceiling concept is some sort of a consequence-free myth invented by Obama. You people probably also think that men never landed on the moon and that Elvis still lives.
WTF are you talking about? I'm pretty sure that most American's......you know....the ones with bank accounts, budgets, and debt ceilings of their own....fully understand the consequences of defaulting on debt.
WTF are you talking about? I'm pretty sure that most American's......you know....the ones with bank accounts, budgets, and debt ceilings of their own....fully understand the consequences of defaulting on debt.
Why would you make such an asinine comment?
I'm pretty sure this one doesn't understand ...
Quote:
Originally Posted by lifelongMOgal
When Geithener and Obama are screaming "default" on August 2nd? Is it all fearmongering and Progressive theater? Will the Treasury be forced to cancel the auction?
...or this one.
Quote:
Originally Posted by BentBow
There is no debt or default deadline!
It is a political power play.
I've been reading a lot of drivel like this on here suggesting that the negative consequences of hitting the debt ceiling are a myth.
When Geithener and Obama are screaming "default" on August 2nd? Is it all fearmongering and Progressive theater? Will the Treasury be forced to cancel the auction?
Easy.
China doesn't want to see their economy collapse, as does the rest of the world.
They'll keep right on buying treasury bonds after the 14th amendment is enacted.
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