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McConnell: US ‘never will’ default on its debt
The Hill ^
| 01-19-2023
| AL WEAVER
Posted on 01/19/2023 9:38:11 AM PST by ChicagoConservative27
click here to read article
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To: ChicagoConservative27
Maybe not in his lifetime.
21
posted on
01/19/2023 9:56:12 AM PST
by
Paladin2
To: ChicagoConservative27
Didn’t we default when we promised to repay our debts in gold and Roosevelt said “Nope! You only get paper dollars.”. If I tried to pay my car loan in Zimbucks because I decided not to use US dollars, the repo man would come for my car.
22
posted on
01/19/2023 9:56:15 AM PST
by
KarlInOhio
(Soon the January 6 protesters will be held (without trial or bail) longer than Jefferson Davis was.)
To: G Larry
Have you paid attention to who is supporting the US by buying our bonds, and what the trends show?
Esp given that much of the world increasingly respects the USA, and what our policies are doing to their economies….eh?
Our most lucrative export? War.
23
posted on
01/19/2023 9:56:18 AM PST
by
silverleaf
(“Freedom ultimately means the right of other people to do things that you disagree with”. T. Sowell )
To: ChicagoConservative27
Mitch is a great negotiator. His opening position is always I surrender
Officially denied. Now I’m worried.
25
posted on
01/19/2023 9:56:56 AM PST
by
proust
(All posts made under this handle are, for the intents and purposes of the author, considered satire.)
To: ChicagoConservative27
China has defaulted on its debt. They owe over 1.5 trillion dollars to American bond holders (their heirs) that China hasn’t paid on since they became Communist.
26
posted on
01/19/2023 9:58:38 AM PST
by
Tell It Right
(1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
To: motor_racer
They had better impeach Biteme to prevent default. What about a Section 8?
27
posted on
01/19/2023 9:59:52 AM PST
by
Colt1851Navy
(What was wrong with Nixon?)
To: ChicagoConservative27
“McConnell: US ‘never will’ default on its debt”
Of course not - we’ll first SEIZE retirement savings by turning them into crappy-paying (and capped) annuities, and then likely still have to inflate the rest away.
28
posted on
01/19/2023 9:59:57 AM PST
by
BobL
To: Right_Wing_Madman
If we learn anything from history it is that we seem to learn nothing from history.
To: af_vet_1981
30
posted on
01/19/2023 10:00:53 AM PST
by
Laslo Fripp
(Does anybody proofread anymore?)
To: Right_Wing_Madman
31
posted on
01/19/2023 10:02:02 AM PST
by
Paladin2
To: Tell It Right
Great example—there are many other countries that have defaulted on their debt—Cuba, Argentina are just two examples.
One obvious way the US could default on the debt would be if there was a Civil War/secession scenario.
Calling that scenario impossible forever is absurd. There are a million different ways it could happen.
32
posted on
01/19/2023 10:02:44 AM PST
by
cgbg
(Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
To: silverleaf
Oh the suspense!
Pray tell, Who is buying our bonds? (and what ensures they'll continue?)
33
posted on
01/19/2023 10:03:22 AM PST
by
G Larry
( "woke" means 'stupid enough to fall for the promotion of every human weakness into a virtue')
To: proust
The “forever” stamp really creeped me out...that is just asking for history to stomp on the hubris.
34
posted on
01/19/2023 10:03:55 AM PST
by
cgbg
(Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
To: proust
We’re on the Titanic in steerage. We haven’t seen a deck chair all voyage.
35
posted on
01/19/2023 10:04:52 AM PST
by
xp38
To: ChicagoConservative27
Let’s just run up our debt into the quadrillions!
Remember, all but 10 Republican senators voted to reflect this man.
To: silverleaf
Have you paid attention to who is supporting the US by buying our bonds, and what the trends show?
Great Question! The US Government?
38
posted on
01/19/2023 10:05:52 AM PST
by
Jan_Sobieski
(Sanctification)
To: ChicagoConservative27
“We’ll end up in some kind of negotiation with the administration over what the circumstances or conditions under which the debt ceiling be raised.”Biden said NO negotiation.
39
posted on
01/19/2023 10:07:32 AM PST
by
1Old Pro
To: Jan_Sobieski; All
40
posted on
01/19/2023 10:09:37 AM PST
by
silverleaf
(“Freedom ultimately means the right of other people to do things that you disagree with”. T. Sowell )
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