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To: blam
Barney Frank: Default Is Now "More Likely Than Not"
3 posted on 07/29/2011 4:17:28 AM PDT by blam
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To: blam

You’re citing a Politico article? Pfft.

Since when does not raising the debt ceiling equate to not paying interest on the national debt?

Since raising the debt ceiling is in the best interest of Democrats? Is that when?

So instead of saying “the government will shutdown” the Dems and MSM are saying “the government will default [on debt payments]”. And FReepers are repeating this BS!?

Defaulting on the debt would give Fed Reserve banks the justification they need to jack up interest rates. The Dems, the MSM and some FReepers (!!) want to make sure conservatives get the blame.

But it is the Democrats’ choice. If they choose to instruct the Treasury to not make payment on the national debt that is their decision and their’s alone.

Please don’t tie the DEMOCRATS’ DECISION TO DEFAULT to the conservatives’ decision to reduce DEMOCRATS’ SPENDING.

STOP WATCHING the MSM!


18 posted on 07/29/2011 5:38:58 AM PDT by Justa
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