Originally posted by moon1969The U.S. is in no danger of defaulting and will not default.
You missed the point. She never threatened a US default to get as ransom what she could not get through the legislative democratic process.
She never said give me massive more spending or I force a US default.
She never said give me massive tax increases or I force a US default.
She could have.
You remind me of chicken little,"the sky is falling, the sky is falling !"
Originally posted by utherpendragonIf the debt ceiling is not raised, the US will default, that's for sure. Fortunately, the Koch brothers may be reigning in Boehner and forcing Boehner to allow a debt ceiling vote to go to the House Floor.
The U.S. is in no danger of defaulting and will not default.
You remind me of chicken little,"the sky is falling, the sky is falling !"
Yet, to be sure, Boehner has been threatening to not let a debt ceiling vote go to the House Floor, unless he gets his ransom -- what he could not get through the legislative democratic process. Pelosi never did that as Speaker.
The extreme right is losing.
11 Oct 13
Originally posted by moon1969If the government defaults it will be the administration, and dept of Treasury who does it. There is wide latitude as to what money is spent and when. As we've seen when the administration wants to slow down spending it does so.
If the debt ceiling is not raised, the US will default, that's for sure. Fortunately, the Koch brothers may be reigning in Boehner and forcing Boehner to allow a debt ceiling vote to go to the House Floor.
Yet, to be sure, Boehner has been threatening to not let a debt ceiling vote go to the House Floor, unless he gets his ransom -- what he could not get ...[text shortened]... gislative democratic process. Pelosi never did that as Speaker.
The extreme right is losing.
Then there is the unheard of notion of negotiating with Congress, and at least slowing the debt slide. Almost every increase in the debt ceiling in the past has been accompanied by spending restrictions, sadly not enough.
12 Oct 13
Originally posted by utherpendragonLiberals like to redefine default. If you decide to cut back on spending, then you are defaulting on promised spending. This is how they see it.
The U.S. is in no danger of defaulting and will not default.
You remind me of chicken little,"the sky is falling, the sky is falling !"
12 Oct 13
Originally posted by AThousandYoungYou only have a car payment because you took out a loan. So no, cutting back on spending is not like defaulting on a loan.
It's kinda like cutting back on the car payment. Yeah, you spend less...but you defaulted on the agreement...
12 Oct 13
Originally posted by AThousandYoungA car payment is a loan payment.
Yes, it is. You want the USA to default on the car payment because you're scared of using the Visa card to pay it.
I don't want the US to go out to the movies so that it can make its car payment. That's a much better comparison.
12 Oct 13
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Originally posted by EladarNo. The House refuses to provide enough funding to pay the nation's fiscal obligations.
A car payment is a loan payment.
I don't want the US to go out to the movies so that it can make its car payment. That's a much better comparison.
Yeah maybe we shouldn't have bought that car. But we did. Refusing to pay for it won't help.
12 Oct 13
Originally posted by AThousandYoungYes, the parents are saying that they can't afford to go out tonight. This is the case even though they told the kids earlier that they could go out tonight.
No. The House refuses to provide enough funding to pay the nation's fiscal obligations.
Yeah maybe we shouldn't have bought that car. But we did. Refusing to pay for it won't help.
12 Oct 13
1 edit
Originally posted by AThousandYoungExactly, which is why you pay off your loans.
The kids are going to wonder where the car went.
Remember you are complaining about spending, not loans. It is only the misguided that think you have to buy a car by taking out a loan. That's what is wrong with America.
Originally posted by EladarCutting back on spending may be fine, but not raising the debt ceiling and thus not making your car payment is a default, and that will give late fees and added interest, increasing what you owe for the car.
You only have a car payment because you took out a loan. So no, cutting back on spending is not like defaulting on a loan.
To be sure, not raising the debt ceiling will massively increase the US debt. Thanks GOP and Tea Party.