That would make all the Chicken Little screeching from the democrats a steaming pile of dog poo, wouldn’t it?
Why not eliminate the debt limit? What purpose does it serve if it can be raised so easily?
Please do ignore such.
I want to see the Democratic Party become extinct for quite some time.
Then the dumb bastard should just do it then.
Why are you talking to the GOP? Political cover?
I thought that the House has the power of the purse. Since when did the Executive branch become all-powerful?
I wonder if anyone would such debt, as it may be under a legal cloud.
If the treasury borrows money without the consent of the people (i.e the Congress), then the people (i.e. the Congress) have no obligation to pay it back. Foreign nations that lend us money should keep this in mind.
LLS
There will be a point reached as this enemy agent keeps pushing and reaching way over the line...THEY’LL IMPEACH THE LITTLE BASSTURD...
They’ll do it - and get cover from the MSM.
How much trouble will I be in if I don’t file taxes this year?
if he’s prepared to do this, he’s probably prepared to ignore the next election as well
Seems like some of the top Republicans should voice their thoughts about about what would happen if Obama does ignore the debt ceiling.
They should speak loudly now.
Mr. Druckenmiller acknowledged by 1996 that the Republican budget shutdown strategy had failed, and he agrees today that the worst outcome would be a technical default that still doesn’t muster enough pressure to force the Beltway to change its spending habits. This possibility “scares the hell out of me because I don’t know whether Obama would cave. I tell you one thing, if [Obama officials] believe what they’re saying, they’ll cave. If they believe this is Armageddon and this is worse than Lehman and this is the greatest catastrophe ever, they’ll cave.”
But what if Mr. Obama hangs tough, Republicans cave, and there is no spending reform between now and the 2012 elections? Would Mr. Druckenmiller sell his Treasurys? “Everything else being equal, that would be a big sell factor, not a buy factor. One of the reasons I bought the Treasurys a ways back was I thought [House Budget Chairman Paul] Ryan was serious. I mean I heard some serious things that I hadn’t heard in a long time.” When President Obama responded to Mr. Ryan with a harsh partisan attack instead of a serious policy proposal, “that made me feel not as good about my Treasurys as the day before. But I’m still long them,” he says.
http://online.wsj.com/article/SB10001424052748703864204576317612323790964.html
Wonder what Mr. Drunkenmiller would say about ignoring the debt ceiling today? Is this the doesn’t cave factor?
read later
Ah, so this is how fascism works.
LLS
It would be more evidence that the ultimate goal of the democrats in raising the debt ceiling was to create another “stimulus” to redistribute even more of our nation’s dwindling wealth to liberal special interests.
Barry’s making George III’s government look like pikers...