Skip to comments.NO debt-limit increase. Default (if it comes to that) would be a GOOD thing.
Posted on 10/12/2013 6:39:14 PM PDT by GodAndCountryFirst
First of all, nobody believes the government does not have enough money to pay down its debt. We would just have to stop doing things like feeding lazy losers.
But what if we DID default? What if there was a cash-flow problem that caused FedZilla to miss a bond payment or two? Well, that would be a GOOD thing for us small-government conservatives. FedZilla loses its credit rating and cannot BORROW anymore. What could be better? We should all be WISHING for that!
oh it will be much worse then a minor correction.
You’re driving a Mercedes.
You go through a red light.
You get a $50 ticket
You drive home and sit in your driveway.
You remove the gun from your glovebox and blow your brains out.
Default happens when the guy in charge WANTS it to happen. The amount of money that would prevent default is small and it is on hand. Default is a choice. A bad choice.
It’s a choice you make ONLY if you hate this country and WANT to destroy it.
If we stop borrowing and get SERIOUS about our debt, world markets will start to SOAR in no time. If we slash spending, job creators will start pouring out of the woodwork. Default would cause a short-term jolt, but lead to a NEW BIRTH of freedom and prosperity for everyone except the takers.
If we default the markets will crash worldwide. The only thing holding up the worlds economy is confidence. It certainly isn’t fundamentals.
Which Obama does.
“The only thing holding up the worlds economy is confidence.”
Excuse me, but why would us borrowing more than we could ever repay give anyone confidence?
Shut it down. NO OBAMACARE FUNDING. Wipe out the rinos
The US borrowed the money and the US should pay the interest it owes.
What kind of conservative cheers for his country becoming a deadbeat and reneging on a contract?
Because 99% of the worlds population doesn’t have the foggiest. All they know is that when they swipe their credit/debit card it works. The money people have confidence that the funny money they are printing will be honored. With a default the chinese economy will collapse along with the Russian and so on.
There’s no reason for a default except to crash the economy so it can be remade.
Default would be Obama’s choice as he can choose to pay who he wants with the tax revenue that comes in (when there is a shutdown). I am willing to let him choose default.
As Rush said, Obama’s approval rating is at 37% and the GOP still thinks its losing.
” With a default the chinese economy will collapse along with the Russian and so on.”
That does not make sense... They have their $hit together more than we do at this point.
The Chinese economy is a house of cards. Built on corruption, lies, and printed dollars. Dollar collapses and we stop spending, their economy disappears.
“What kind of conservative cheers for his country becoming a deadbeat and reneging on a contract?”
The government takes in 100 times more than it take to pay the interest. No reason to default...
“The Chinese economy is a house of cards. Built on corruption, lies, and printed dollars. Dollar collapses and we stop spending, their economy disappears.”
Where did you read that? Some lib site?
I dunno, is FR a lib site?
YEP ...2 WORDS GACF...
If the limit is not raised default would purely be a deliberate move by the president to refuse to pay the interest due on the debt as the priority expense. There is quite enough monthly income to do that.