[Red in Blue PA]

Your "borrowing authority" is what got us into this mess in the first place morons.

[Buckeye McFrog]

Is he setting the stage to withhold tax refunds and blame Republicans?

[LibLieSlayer]

Let’er rip tater chip!

[unixfox]

You mean we are running out of other peoples money? How could this be?

[grania]

About that refund money the feds will have trouble paying back....if I get a refund, it's money the federal government has been holding for me. I should be able to get it back as easily as I can withdraw money from a bank account. It would have been reasonable for the feds to be holding a percentage of taxes they collected in anticipation of refunds.

I should be collecting interest on that money if the feds are using it as a loan.

[ZULU]

The biggest De Fault in America is sitting in the White House.

[Rapscallion]

Do you suppose that default is what the administration really seeks but cannot admit out loud?

[Vaduz]

The Obama administration warned the sky is falling.
Cut spending has NEVER crossed his little mind idiots like him need to be locked up.

[Opinionated Blowhard]

We see this over and over and over again played out in the papers. We truly are turning into a Banana Republic.

[Da Coyote]

The crash is coming. That is obvious to anyone with above room temp IQ (and also explains why it is not obvious to the Obamdork, his White House Clown Crew, or the MSM.)

Since it is coming, better sooner than later.

After all, we’re well armed and prepared to defend against the rioting Obamafone owners.

[glorgau]

it would not be possible to meet all of the obligations of the federal government,

Is there a priority of the obligations? For example, keeping the Washington Monument open to the public is a lower priority than paying interest on the bonds.

[PeterPrinciple]

Remember we woke up one morning and read in the paper that USSR was bankrupt. It does but it doesn’t happen over night........................

I worked with several farming operations through bankruptcy and nothing changed until the cashflow stopped. Until then, it was business as usual.

[GBA]

Unintended, I'm sure.

Cloward and Piven are the prophets we follow to utopia these days, not the profit margin.

We'll be arriving shortly. Please fasten your seat belts and place your seats and tray tables in their full upright and locked positions.

[JoeFromSidney]

"Default" is nonsense. There is enough money coming in to pay interest on bonds and to redeem maturing bonds. Cuts elsewhere will have to be made, though, to stay under the debt limit.

How about we stop paying poor people to stay poor, and we stop paying never-married women to have babies? That would save a lot of money.