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Old 10-09-2013, 09:46 AM
 
25,619 posts, read 36,697,144 times
Reputation: 23295

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Quote:
Originally Posted by DC at the Ridge View Post
There isn't enough income to meet ALL of the federal government's financial obligations. To avoid ANY default ALL of those obligations have to be met.
Sorry try again

Plenty of money to meet ALL Financial Debt. Other obligations/promises/Obamaphones can be cut to save money.

Yup plenty for the Democrats to be scared about the longer this drags on.

 
Old 10-09-2013, 09:46 AM
 
Location: the very edge of the continent
89,009 posts, read 44,813,405 times
Reputation: 13706
Quote:
Originally Posted by chickenfriedbananas View Post
The problem isn't whether or not the U.S. would continue paying - I agree that it probably would. But which ones would be paid?
Actual existing debts. The U.S. collects enough tax revenue to do so. There will be no default.
 
Old 10-09-2013, 09:47 AM
 
Location: Long Island, NY
19,792 posts, read 13,947,200 times
Reputation: 5661
Quote:
Originally Posted by InformedConsent View Post
A default is a failure to perform on a debt. A law is not a debt.

A political promise is just that, a promise. Failure to pay on that promise just means that the politician was able to dupe people who were stupid enough to believe that they would get what was promised.

The U.S. WILL perform on the national debt. It's Constitutionally mandated that we do so. There will be no default.
Wrong. The U.S. has contracts and has purchased goods and services it hasn't yet paid. Those are real obligations. If you disagree, go to the supermarket and walk out with steak and argue that you don't owe the grocer anything.
 
Old 10-09-2013, 09:48 AM
 
17,440 posts, read 9,266,927 times
Reputation: 11907
Quote:
Originally Posted by Goinback2011 View Post
The shutdown will be viewed differently once the 20 and 30 somethings figure out how screwed they are by Obamacare.

If Dems had brains, they would take advantage of the shutdown to delay Obamacare until 2017.
This is exactly why I was (and remain) so against ANYTHING that would "delay" this Train Wreck. All year there have been reports of how bad it was. The top two techs in charge of IT quit and left because the White House would not believe them. People in the Insurance and IT business were telling them it was not ready - the system would not work. Republicans tried to give Obama a Gift with the "delay" and he turned it down in his arrogance.
Washington Post -Major insurers, state health-care officials and Democratic allies repeatedly warned the Obama administration in recent months that the new federal health-insurance exchange had significant problems, according to people familiar with the conversations. Despite those warnings and intense criticism from Republicans, the White House proceeded with an Oct. 1 launch.

This is a Multi-Billion dollar deal and it's a failure - there will be Investigations about all this mess.

I know there are Republicans are convinced that once a massive program like this begins, that it's impossible to stop - that's why they want to stop it before it can't start. They are correct that this has been the case in the past, but this is 2013 - it's the information age. The Average American now has access to information they couldn't get in the past. We don't have to wait for Walter Cronkite to give us his interpretation of the "news" every evening at 6:00 pm. The Pro-Obama Media can't hide the failure from the people - did everyone notice that in the hour long Press Conference yesterday, not a single question was asked about ObamaCare? Not a single question. That's absolutely astounding on the Grand Opening week that NOBODY was interested enough to even ask President Stompy Foot a question about his Signature, Legacy building, ACA that is supposed to save us all.

The Public has never been in favor of this law (they said wait and you will love it.)
ObamaCare never had a single Republican vote for it - it was crammed down with the "You have to read it to find out what's in it" statement. Now the Democrats will have to try and defend it all next year right before an election. They won't be able to do that - it's ripped apart our entire Health Insurance structure for all Americans, even those that had the Insurance they loved that they now find out they can't keep.
 
Old 10-09-2013, 09:48 AM
 
15,047 posts, read 8,871,547 times
Reputation: 9510
Quote:
Originally Posted by MTAtech View Post
What will happen is we'll need to cut $600 billion from spending, which will drive the nation into depression. Thanks GOP!
And when that happens, all of the words of these idiots who advocated for this, the GOP reps who claimed not raising the debt ceiling would have negligible impact, will be "no big deal," will come back to haunt them. As I said before, destroying the Tea Party would be the only good thing that would come of it, but at an extremely high cost to the country and its credit rating.
 
Old 10-09-2013, 09:51 AM
 
Location: the very edge of the continent
89,009 posts, read 44,813,405 times
Reputation: 13706
Quote:
Originally Posted by MTAtech View Post
Wrong. The U.S. has contracts and has purchased goods and services it hasn't yet paid. Those are real obligations.
Obligations, but not Constitutionally acquired debt. Read the Constitution.
 
Old 10-09-2013, 09:51 AM
 
25,619 posts, read 36,697,144 times
Reputation: 23295
Quote:
Originally Posted by MTAtech View Post
What will happen is we'll need to cut $600 billion from spending, which will drive the nation into depression. Thanks GOP!
The sky is falling, The sky is falling, The sky is falling. The new Democrat mantra.
 
Old 10-09-2013, 09:52 AM
 
Location: Long Island, NY
19,792 posts, read 13,947,200 times
Reputation: 5661
Quote:
Originally Posted by Kibby View Post
This is exactly why I was (and remain) so against ANYTHING that would "delay" this Train Wreck. All year there have been reports of how bad it was. The top two techs in charge of IT quit and left because the White House would not believe them. People in the Insurance and IT business were telling them it was not ready - the system would not work. Republicans tried to give Obama a Gift with the "delay" and he turned it down in his arrogance.
Washington Post -Major insurers, state health-care officials and Democratic allies repeatedly warned the Obama administration in recent months that the new federal health-insurance exchange had significant problems, according to people familiar with the conversations. Despite those warnings and intense criticism from Republicans, the White House proceeded with an Oct. 1 launch.

This is a Multi-Billion dollar deal and it's a failure - there will be Investigations about all this mess.

I know there are Republicans are convinced that once a massive program like this begins, that it's impossible to stop - that's why they want to stop it before it can't start. They are correct that this has been the case in the past, but this is 2013 - it's the information age. The Average American now has access to information they couldn't get in the past. We don't have to wait for Walter Cronkite to give us his interpretation of the "news" every evening at 6:00 pm. The Pro-Obama Media can't hide the failure from the people - did everyone notice that in the hour long Press Conference yesterday, not a single question was asked about ObamaCare? Not a single question. That's absolutely astounding on the Grand Opening week that NOBODY was interested enough to even ask President Stompy Foot a question about his Signature, Legacy building, ACA that is supposed to save us all.

The Public has never been in favor of this law (they said wait and you will love it.)
ObamaCare never had a single Republican vote for it - it was crammed down with the "You have to read it to find out what's in it" statement. Now the Democrats will have to try and defend it all next year right before an election. They won't be able to do that - it's ripped apart our entire Health Insurance structure for all Americans, even those that had the Insurance they loved that they now find out they can't keep.
In other words, people will like Obamacare so the GOP has to stop it before it gets started. Does anyone really think the GOP is working in the best interest of the American people?
 
Old 10-09-2013, 09:53 AM
 
25,619 posts, read 36,697,144 times
Reputation: 23295
Quote:
Originally Posted by HeyJude514 View Post
And when that happens, all of the words of these idiots who advocated for this, the GOP reps who claimed not raising the debt ceiling would have negligible impact, will be "no big deal," will come back to haunt them. As I said before, destroying the Tea Party would be the only good thing that would come of it, but at an extremely high cost to the country and its credit rating.
YUP!

The smell of fear.

Humans Smell Fear, and It's Contagious | LiveScience
 
Old 10-09-2013, 09:54 AM
 
Location: Long Island, NY
19,792 posts, read 13,947,200 times
Reputation: 5661
Quote:
Originally Posted by Bulldogdad View Post
The sky is falling, The sky is falling, The sky is falling. The new Democrat mantra.
I deal in facts. The fact is the U.S. owes bills.

You want to marginalize this fact and come up with nothing substantive to support your position. What's going to happen when defense contractors who are contracted to supply the military with food don't get paid?
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