[don'tbedenied]

I take it this board prefers default? Or maybe I just don’t understand what the preferred plan is if Boehner’s is not acceptable.

[kevao]

There won’t be a default. Our debt service obligations are approximately $20 billion per month. Revenues to the Treasury are between $175 and $225 billion per month.

“Pass the plan or we’ll default” is pure fear-mongering bull$hit.

[Drill Thrawl]

I take it this board prefers default?There is no need for a default. A default can only occur if Bambi and Turbo Tax Timmy cause it to happen. There is enough money coming in to pay bonds coming due.

[so_real]

I can't speak for the board, but as for me I say "call Obama's bluff". The "establishment GOP" should cave to the "Tea Party" and wash its hands from this fight right now. The Tea Party has the spine to represent We the People. The RINO's obviously do not. Forget a new plan by Boehner -- give Rand Paul and Michelle Bachmann a crack at it. They've already made proposals that would yet save $800 billion in 2011. That's what we need -- savings TODAY and not proposals for 10 years. Default TODAY is what we've earned TODAY, and if the establishment GOP won't fix it TODAY, then default is what we should have TODAY. Yes, I'd prefer that to kicking the can another decade down the road for our children and grandchildren.

[st.eqed]

I prefer that the government stop spending citizens money. Is that too much to ask?

[arthurus]

There will be no default. The interest will be paid. If there is no ceiling rise then programs must lose money to pay that interest. Do you believe we have to protect all programs and departments from cuts? Defense will be gutted with the debt ceiling as the excuse and defense will be gutted if the ceiling is raised, there will simply not be that particular excuse to use.