[ClearCase_guy]

People who are serious about cutting spending don't have any reason to ask for additional credit.

The GOP is not a serious party. They will agree to raise the debt ceiling. They will drive us deeper into debt. They will expect our thanks for their efforts.

[sten]

maybe... if they were to not spend more then they have, they wouldn’t have to raise the debt ceiling.

well, there is the $2 trillion coming in from the US taxpayer... just spend less then that (actually, subtract the interest payments on existing debt... and THAT’S how much they have to spend) and no increase in the debt ceiling would be required.

QED

(i know, i know... what would a progressive do if he/she wasn’t actively working to undermine the nation...)

[yldstrk]

Not sure Geithner is who we should be listening to.........look what has happened since he joined the group

[Don Corleone]

There is no chance that the USA will not pay on its bond obligations. There is more than enough income to cover that. What will happen is that many of the Libtard favorite vote buying programs will have to be curtailed and therefore the Libtards will be embarrassed. Do NOT raise the debt limit one farthing!

[mewzilla]

For pete’s sake, we take in enough to pay the debt service. We don’t have to default while we fight to gut the budget.

[sickoflibs]

RE :”Ron Paul: I don't take that seriously. President Reagan wanted 2 dollars of cuts. The deficit exploded. Do you think the American people will believe that we are going to cut in the future? The only budget that counts is this year. 10-year programs are pie-in-the-sky talking. This year our obligations are 5 trillion dollars.”

I am 100% in agreement with this. The Ryan plan (potentially) increases spending for 10 years then suddenly making dramatic changes to medicare for only some in 2021 starting long in the future. Even with this rather lame approach (pushing the cuts into future congresses terms) it turned out politically toxic for them.

They should have proposed cutting spending starting right now, it would have got them no more political heat than they are in now.

[canuck_conservative]

Treasury Secretary Timothy Geithner says not allowing the Treasury to raise the debt limit would be "catastrophic" for the economy.

Earth to Tim Geithner - a $1.4 Trillion Debt is ALREADY catastrophic to the US economy!!

[Buckeye McFrog]

HBO is running a very interesting docudrama about the 2008 financial meltdown. The same tactics are shown being used to get the Republicans to vote for TARP....hit them at the last minute with a doomsday nightmare scenario. The film portrays Turbo Timmy as a key player in this strategy. I doubt much has changed.

[Scotsman will be Free]

Of course Boner will fold. He did last time and he will this time and everyone knows it including the great zero.

[absalom01]

When Paul confines himself to the economy, he makes sense.