If Obama chooses to default and if said default does cause a Great Depression by itself, I just hope that the conservatives and their leaders can show to the public than Obama is wholly responsible for it.
“If Obama chooses to default and if said default does cause a Great Depression by itself, I just hope that the conservatives and their leaders can show to the public than Obama is wholly responsible for it.”
Dear leader could CHOOSE to default. However, I’d be willing to bet that he WON’T. What dear leader hates about the debt ceiling is that if it’s crossed is not default, it’s that we get an instant balanced budget. He gets to decide who gets paid, but ultimately the amount of expenditures would have to drop dramatically.
What we have here FRiends is the debt ceiling briar patch, and we’re b’rer rabbit.
obama has the republicans over a barrel like Reggie Love. If they raise the debt limit our credit rating will be lowered and the collapse will be postponed. If obama defaults we’ll crash sooner. Either way, he gets what he wants.