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| Economy |
| Dems Convinced Doom Awaits on Far Side of Default |
| 2013-10-16 |
| On the Democratic side of the aisle, two thirds (67 percent) say it is absolutely essential to raise the debt limit by Thursday. These numbers show the Democrats under more pressure than Republicans to strike a deal: Democratic constituents think their leaders need to and must come to an agreement, Republican constituents feel less overall urgency about raising the debt limit in the next two days. I don't think I believe that, or they are better actors than I give them credit for. According to a Pew Research Center poll released Tuesday, 52 percent of self-identified "Tea Party Republicans" believe the debt limit does not need to be raised at all. More broadly, the poll found that just over half (51 percent) of the whole public believe raising the debt ceiling in the next two days is "essential" while 36 percent say nothing serious will happen if lawmakers fail to act. I think it didn't need to be raised, if we had a Congress worth spit and a leader who was not intent on making the US a third-world country. But now, it is too late. The linked article, BTW, has a decidedly different slant, mocking the Tea Partiers - "arguing, falsely, that the United States will not default nor will economic catastrophe result if the debt ceiling is not raised." I have not been able to pay my bills before - not all of them. I paid the important ones and did not "default". Others got delayed until I could adjust. Too simple a concept for Congress and the media. |
| Posted by:Bobby |
| #15 The USA giving up East Asia + 1/2 of the Pacific because it $$$ can't afford to do anymore - TRUTH? or PRE-PLANNED = INTENTIONAL? GOOD GLOBALISM = GOOD 1990'S CLINTONISM = after all, POTUS BILL BACK IN THE DAY SAID HE RLY RELY REELY REALLYRRREEEEEAAAAAAALLLLLLYYYYYY, D **** YOU, TOLD THE TRUTH WHEN HE KNOWINGLY + WILFULLY LIED + DECEIVED EVERYBODY! LEST WE FERGIT, IT TWAS THE CLINTON ADMIN,NOT THE BAMMER ADMIN, WHOM SAID OR ARGUED THAT THE US "MUST BE RESTRAINED OR CONTROLLED". D *** NG IT, MUST, MUST - spelled M-U-S-S - MUST! The Bammer may be a US Democrat, but he's also a Marxist-Globalist. |
| Posted by: JosephMendiola 2013-10-16 20:09 |
| #14 The 14th Amendment says the US m-u-s-t pay its debts, which IMO should not + never be interpreted to mean perennially having Gross or Net Debt > Revenues at any time, or an un-balanced Budget - THAT GOVT. IS BEST whICH GOVERNS [e.g. spends] LEAST, CORRECT??? As a general rule, the only reason to have a "Debt Ceiling" is to engage in PORK = EXCESSIVE SPENDING, WHERE THE DEBT BROADLY OR SEPCIFICALLY ALWAYS GOES UP, NOT-N-NEVAR DOWN. The US will never be truly out of excessive or prohibitive debt - AT BEST YOU CAN ARGUE CURRENT-VS-FUTURE-DEFAULT. What that you say - what happens when the above collides wid SNAFU + FUBAR, ETC. collides wid Special Interest collides wid anti-US Globalism + OWG-NWO ... * FREEREPUBLIC > [CNS.com] 150 STRAIGHT DAYS [ + counting]: TREASURY SAYS DEBT STILL STANDS AT US$16,699,396,000 [Trilyuhn]. US$16.75-16.8-PLUS, + even higher, as per various select Pert Klakulators. * TOPIX > ANALYSIS: NO REASON FOR US TO RAISE DEBT DEILING EXCEPT PORK SPENDING. * PRAVDA > SHOULD RUSSIA FORGIVE USA'S DEBT OF US$315.0BILYUHN [US$157.0B - same], + SELL ARCTIC? Ditto the US vee CHINA as per any + all Unincorporated Territories e.g. GUAM + AMERICAN SAMOA??? ONE-HALF OF CONUS-NORAM??? * DEFENCE FORUM INDIA > [Telegraph Blogs]WATCH WHAT CHINA DOES WID US DEBT, NOT WHAT IT SAYS!? See above. * BREAKING DEFENSE > CHINA'S FEAR OF US MAY TEMPT THEM TO STRIKE PREEMPTIVELY: SINOLOGISTS. Up to or including engaging in LIMITED NUCLEAR WAR = LIMITED TACTICAL NUCLAR WAR [LTNW]. |
| Posted by: JosephMendiola 2013-10-16 19:59 |
| #13 The "DOOM" they fear is the mid-term elections, "VOTE FOR NOBODY, A CLEAN SLATE". (No Democrats)they want to steal, well let them starve without a job. |
| Posted by: Redneck Jim 2013-10-16 19:11 |
| #12 I'll drink to that Deacon Blues, here is mud in your eye |
| Posted by: Chuckles Glereting3257 2013-10-16 18:21 |
| #11 Raising the debt limit to help curb spending is like raising the blood alcohol level to reduce drunk driving. |
| Posted by: Deacon Blues 2013-10-16 15:01 |
| #10 Meh, just make the shmucks an offer, 25 cents on the dollar or wait March and STFU. See what happens, hell, I'm bored and I've always wanted to see a Chinese Fire Drill. |
| Posted by: Shipman 2013-10-16 12:05 |
| #9 Why don't they say... "The American People should owe less rather than owe more." Stupid party. |
| Posted by: Bright Pebbles 2013-10-16 12:01 |
| #8 Not increasing the debt limit is the way to control spending. It will happen sooner or later. Either the market will say no more, or we can demonstrate self-discipline. This is a good tactic for the Republicans and they should wash, rinse and repeat every time the executive wants to run up more debt. They just need to do it in a more organized, unified fashion. I hope the post-Boehner leadership will find a way to bring the trunks together so they have a unified front, at least in the house. There's really no hope for senate rinos like McPain and Grahamnesty. But they are also unnecessary for the tactic to work. |
| Posted by: Nimble Spemble 2013-10-16 11:14 |
| #7 Too many of our politicians pander to the voters and don't base their actions on the principles embodied in the Constitution. Instead, they have engendered the "hungry baby robin" syndrome in a larger and larger segment of the voting population. The cry from this segment of the populace is "Where's my boodle?" The elitist politicians willingly trade government dispersed largesse for votes to continue their lifetime posh government jobs with all the perks and exclusions from the laws they pass. But then, I am probably being cynical today. |
| Posted by: JohnQC 2013-10-16 10:26 |
| #6 Somebody's hands are shaking. |
| Posted by: g(r)omgoru 2013-10-16 10:21 |
| #5 The "doom" they speak of is actually their hoped for.... "doom" of the Republican party. Single party, unquestioned dominance is the key to socialism. |
| Posted by: Besoeker 2013-10-16 10:20 |
| #4 The "doom" they speak of is actually their hoped for.... "doom" of the Republican party. Single party, unquestioned dominance is the key to socialism. |
| Posted by: Besoeker 2013-10-16 10:20 |
| #3 The debt interest can be repaid out of money the state taxes. The 14th? amendment states this segment is first in spending priority above all others. Therefore the Tea-Party types are correct and the sneering-smearing MSM is ignorant and helping their readers stay ignorant. |
| Posted by: Bright Pebbles 2013-10-16 10:19 |
| #2 Agree with Bobby. Dems don't really believe it. Just makes for easy headlines. |
| Posted by: Iblis 2013-10-16 10:17 |
| #1 If your political power/influence is directly tied to dispersal from the public Treasury, you can understand the underlying belief of 'doom' by the Donks. Unfortunately, the reality is that the party does end either in a Wiemar inflation with worthless paper or a collapse of the ability of the central government to support the flagrant spending. |
| Posted by: Procopius2k 2013-10-16 08:57 |