The GOP needs to break it down in simple terms people can understand. There is no need to default. Its all a gimmick.
If you make $3000 a month and spend $1000 a month on your house payment and 5,000 a month for entertainment....why would you stop making house payments when you can’t borrow anymore? STOP THE OTHER SPENDING!!!
Correct. Most analysts believe that, at the 11th hour, if the GOP holds firm, BO will fold like a cheap suit. He cannot afford to rattle the markets, which could trigger a double dip. Further, he cannot withhold SS checks, because too many seniors will be told the truth - that the govt has plenty of money to meet this obligation.
BO cannot afford the high stakes of a default or SS games. He will lose in either approach. All Boehner has to do is stick with the dollar-to-dollar commitment and demand front-loaded spending cuts - at least $500 billion in FY 12 alone.