While hard core leftist will celebrate the fact that the Dept of Defense absorbs half of the Sequestration cuts (even though it is only 16% of the budget), the other 50% of cuts will affect their precious domestic programs immediately. When the Debt Ceiling expires in February, or early March at the latest, the Communists are back to square one.
Then - here we go again. What to fund? Interest on the debt HAS to be paid, or the whole Ponzi scheme collapses even faster. Then comes the 3rd rail of this country: Social Security checks. Obama will threaten the SS recipients of not getting paid (as he did before....same play book). Then what to fund? Gottsta funds da Food Stamp. Moochelle and her mama will hound bath house Barry relentlessly about that one. What next?
Burn it all down isn't a strategy. It is Communists licking their chops at Defense cuts. But once that happens, the economy loses about 1.5 million jobs almost immediately. The Communists don't understand that recovery becomes much harder at this point.
Why a U.S. Default Will be a Good Thing
http://moneymorning.com/2011/08/11/why-us-default-will-be-a-good-thing/
The reason why default is never mentioned as a possibility by the Socialist media, is because default will destroy U.S. gubmint credit, making it impossible for gubmint to borrow. It might force balanced budgets for a generation?
Socialists prefer inflation, which is disguised taxation, or even austerity. But a Keynesians worst nightmare is a government unable to borrow money.