To: yoe
Senate Minority Leader Mitch McConnell (R-Ky.) said Wednesday that his party is united in opposing any effort to raise the debt ceiling, even as he maintained that the country will not default on its debt obligations. A lot of money is still coming in even if the debt ceiling is not raised & the bond holders get paid first (14th amendment & all that).
We are not going to default on our debt.
36 posted on
07/13/2011 9:53:15 AM PDT by
Tribune7
(We're flat broke, but he thinks these solar shingles and really fast trains will magically save us.)
To: Tribune7
55 posted on
07/13/2011 10:12:49 AM PDT by
Cheerio
(Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
To: Tribune7
“the bond holders get paid first (14th amendment & all that)”
What would that have to do with the 14th? Ex post facto or obligation of contracts maybe, but probably not.
To: Tribune7
Bondholders, oh yeah you mean like those GM bondholders that were arbitrarily put at the back of the line, contrary to the law.
97 posted on
07/13/2011 12:56:04 PM PDT by
itsahoot
(--I will vote for Sarah Palin, even if I have to write her in. --He that hath an ear, let him hear.)
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