Posted on 10/07/2013 6:07:28 PM PDT by cotton1706
imho, article makes excellent points. May the gope read the article and learn.
They Democrats are purposely dragging this thing out so they can eventually tie it to the debt ceiling and force our hand.
>>The Debt Ceiling is the Law of the Land<<
I am going to use that one!
But all legislated expenditures are equal.
This “some pigs are more equal than others” argument is not for me.
The debt payments are constitutionally given priority, but all other expenditures are equally valid and legally compelling.
Don’t merge the debt limit and spending battles. Win the spending battle and adjust the debt limit accordingly.
Great post.
The Dems will never allow a default to happen because it would be the end of the spending spree since it would mean the end to easy borrowing.
The Dems must have the next round of borrowing to continue to SPEND.
The only reason the Pubbies will not force the issue is that they intend to spend as well.
So I say take the debt limit to wall. Dems will have no choice to cave or start living without borrowed money.
It would be interesting to see how the debt repayment is structured. How much is coming due in principal that has to be retired?
John Boehner — HOLD THE LINE!!!!
If obama doesn’t make the payments there are going to be some pissed off Chinese. Think they will foreclose?
Great line
Excellent!
I mentioned I believed the government should develop a balanced budget and was ridiculed by a Mormon who insisted that the US had only had a balanced budget one year out of its history and it is only a valid concept for private ventures.
Never heard that before and I really have no idea how they can sincerely justify their stance, even after studying money markets and financial instruments for many years.
I guess I just don’t get it, but those inner city youths driving new BMWs, and owning houses without 1/3 my income or 1/10 the education have it figured out. /s
Fixed.
They say... ObamaCare is Settled Law.
I say... The Debt Ceiling is also Settled Law.
I don’t see how the Dims can force anyones hand with the debt ceiling. Obama has said the US will default. The US will not default and Obama will pay the interest on the debt.
I would be calling the Sec of Treas in front of the finance committee now and have him explain his bosses remarks regarding default.
You also have to pay back the principal on any debt maturing, probably no small sum.
That is an excellent idea. Ask him whether the administration plans to follow the law in the event the ceiling is not raised.
Clearly this is political posturing on both sides.
As long as we (the IRS) is collecting tax revenue, we will not default.
Principal payments on maturing debt will be refinanced by the FED and it’s QE* policies.
Sometime maybe, but it can be rolled over now. It would be trouble if the interest rate goes up, but Ben Bernanke won't let that happen.
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