[SmithL]

Y2K comes to mind.

[familyop]

Billionaire Jim Rogers calls for Obama’s resignation over economy (Predicts violence & rioting)
http://www.freerepublic.com/focus/f-bloggers/2740896/posts

[KIDFOH]

Pretty much everything that bobo and crew has told us will happen, unless we this that or whatever, has repeatedly proven to be a lie. why should this be any different?

[Principled]

The crisis resident - can only rely on the trust of Americans - scaring us into hurried action.

Hold the phone. You lie.

[Mister Da]

Obama will not allow the debt to default. That would make him the Welsher in Chief, enrage foreign bond holders (China), & probably cause a world financial crisis. The biggest narcissist in America would never subject his ego to this.

Obama cannot stop or materially reduce entitlement checks - Soc. Security, Medicare, & Medicaid. He wants to get reelected in 2012 & he can't afford to alienate the recipients of these checks & their caregivers. Ideologically, these are socialist programs & Obama will do nothing to allow their failure. Socialist programs w/o Federal money are not socialist anymore.

Defense cuts are gonna be hard to get thru the House, & with 3+ wars going, difficult to justify. If he wants to save some money here, the waste in Libya & Afghanistan seems the safest politically to cut.

The rest is discretionary spending & Federal bureaucracy - where Obama gets a bunch of support. So, Obama will be left with deep cuts in bureaucracy & probable elimination of discretionary spending.

Many of our favorite programs (sarc.) will be gutted or canceled. ACORN, Planned Parenthood, VIPR, TSA, EPA, HHS, Education, ..... will be history or minimized. No light rail - waste of money. No Stimulus II - no money. Eric Holder's Justice Dept. would seem a good place to deeply cut, as no justice is being pursued there anyway. The Czars can work for free, or not at all.

The simple truth is this: Obama needs the debt ceiling raised to fund his reelection. Boehner & McConnell need the debt ceiling raised to maintain their power & position. A rejection of this is a rejection of these men & their failed leadership. The vote to reelect Obama is NOW, not Nov. 2012, & it will be taken in the House regarding any increase in the debt ceiling. This alone should be reason enough for patriots in the House to reject ANY increase in the debt ceiling.