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To: Principled

I’m on your side as well. Missing the debt ceiling deadline and causing a downgrade in our bond ratings will wind up costing far more in debt service on the national debt. I also like flattening out the tax base...get more of those freeloaders to pay taxes.


55 posted on 07/24/2011 8:43:00 AM PDT by 6ppc (It's torch and pitchfork time)
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To: 6ppc
I’m on your side as well. Missing the debt ceiling deadline and causing a downgrade in our bond ratings will wind up costing far more in debt service on the national debt. I also like flattening out the tax base...get more of those freeloaders to pay taxes.

The country's going to be downgraded, regardless. That's been in the cards long since before this crisis became the big story. At our level of debt and the absence of effective leadership to fight it, we are not worthy of a AAA rating.

The downgrade will happen no matter what congress and that abysmal fool in the White House conspire against the American people.

59 posted on 07/24/2011 8:48:23 AM PDT by Caipirabob ( Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
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To: 6ppc
Missing the debt ceiling deadline and causing a downgrade in our bond ratings will wind up costing far more in debt service on the national debt.

How is that? Are all U.S. government bonds now variable interest? Could the government live within its means and not borrow 40% of expenditures??? Our government is like some naive teenager with a new credit card buying things on credit so they can "improve" their credit rating. What utter stupidity...

62 posted on 07/24/2011 8:54:14 AM PDT by Errant
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