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Old 06-21-2011, 12:57 PM
 
Location: North America
5,960 posts, read 5,545,251 times
Reputation: 1951

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Express.co.uk - Home of the Daily and Sunday Express | City & Business :: US debt default would be global catastrophe

Quote:
However, this is all small-fry compared to a comparatively unreported crisis brewing across the pond. In May the US hit its debt ceiling of $14.3 trillion (£8.8 trillion), the amount it is allowed to borrow, as approved by Congress.
Last week US Federal Reserve chairman Ben Bernanke warned that America’s creditworthiness is at risk if the limit is not raised imminently.
More strongly, President Obama warned of “a reprise of [the] financial crisis” if something is not done soon to avert a US default that would eclipse many times over any by Greece.
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Old 06-21-2011, 12:59 PM
 
Location: Fort Worth Texas
12,481 posts, read 10,220,491 times
Reputation: 2536
No that their plan they dont care at all
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Old 06-21-2011, 01:01 PM
 
Location: New Jersey
12,755 posts, read 9,644,418 times
Reputation: 13169
Of course.

What a silly question!

Do you think democrats and republicans live in different countries?

We are all affected by the debt.
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Old 06-21-2011, 01:11 PM
 
Location: state of procrastination
3,485 posts, read 7,309,472 times
Reputation: 2913
People who want to lower taxes - do you care about that America is being crushed by debt? Do you?!!?
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Old 06-21-2011, 01:12 PM
 
Location: Hillsboro, OR
2,200 posts, read 4,421,560 times
Reputation: 1386
Did conservatives care before Obama got into office?
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Old 06-21-2011, 01:13 PM
 
13,900 posts, read 9,768,357 times
Reputation: 6856
I'm on the left. Cut spending, raise more tax revenue, and reform entitlements. Problem solved.
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Old 06-21-2011, 01:13 PM
 
46,263 posts, read 27,085,436 times
Reputation: 11119
People who think you can spend to get out of debt, do YOU care?
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Old 06-21-2011, 01:14 PM
 
14,917 posts, read 13,098,101 times
Reputation: 4828
Quote:
Originally Posted by chucksnee View Post
People who think you can spend to get out of debt, do YOU care?
I've never met such a person.
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Old 06-21-2011, 01:14 PM
 
Location: North America
5,960 posts, read 5,545,251 times
Reputation: 1951
Quote:
Originally Posted by Winter_Sucks View Post
I'm on the left. Cut spending, raise more tax revenue, and reform entitlements. Problem solved.
No offense but you can't really be a lefty.

No TRUE liberal would ever DARE suggesting that spending be cut.
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Old 06-21-2011, 01:15 PM
 
Location: California
37,131 posts, read 42,200,354 times
Reputation: 35012
I think the question is illogical. Everyone cares.
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