Let the nation default?

[Geaux4it]

This place isn't going to last anyway. Default or no default. It's morally bankrupt, and in it's death throes. No time like the present. Imagine how much better the world would be with the corrupt American Empire not being able to feed it's armies while the fiat banking system goes in a tailspin? This is glass half full stuff.

The nation should not be allowed to default.

And people like YOU, who use the word "******" left and right, and have no business accusing anyone of being "morally bankrupt".

This nation should default based on a very inept POTUS. The result is expected

-Geaux

 

[RKMBrown]

The treasury works for Obama. If Obama orders the treasury to default he will be impeached and tried for treason.

 

[Hoffstra]

The treasury works for Obama. If Obama orders the treasury to default he will be impeached and tried for treason.

Treasury defaults if it can't pay one single obligation.

 

[Geaux4it]

The treasury works for Obama. If Obama orders the treasury to default he will be impeached and tried for treason.

Treasury defaults if it can't pay one single obligation.

Man, I hope so.

Stick a fork in Obama,.

He's done

-Geaux

 

[Hoffstra]

Man, I hope so.

Stick a fork in Obama,.

He's done

-Geaux

he wants to raise the debt ceiling, no strings attached.

if we default it will be the fault of YOUR buddies.

 

[RandallFlagg]

I guarantee you I can throw a football further...and more accurately than you.

Probably. I played OLB in High School in the EARLY 60s!! So yeah, you could probably throw farther and more accurately than a 69 year old man......geezz...oh, it's FARTHER - not further.

You could be 20....it would not matter. Little fella....

Were I 20 little fella, I would smoke your hiney on the field. Alas, I am not. Therefore, your visions of grandeur will have to hold you for the time being.

Again, it is FARTHER and not further. I mean since you are so concerned about the proper vernacular among those seemingly less intelligent than you.

 

[Geaux4it]

Man, I hope so.

Stick a fork in Obama,.

He's done

-Geaux

he wants to raise the debt ceiling, no strings attached.

if we default it will be the fault of YOUR buddies.

I don't care where the blame falls. I just want to see it happen if Obama does not do what is best for this country and negotiate. If he feels it's best for the country to default, I support him. Why? Because he LOSES either way.

Good times

-Geaux

 

[RandallFlagg]

Man, I hope so.

Stick a fork in Obama,.

He's done

-Geaux

he wants to raise the debt ceiling, no strings attached.

if we default it will be the fault of YOUR buddies.

I don't care where the blame falls. I just want to see it happen if Obama does not do what is best for this country and negotiate. If he feels it's best for the country to default, I support him. Why? Because he LOSES either way.

Good times

-Geaux

Honestly, I have no clue whatsoever what the ramifications of a default would be, but I suspect that it would, once again, as in the sequester, prove to be nothing more than a great deal of hand-wringing and gnashing of teeth by politicians deathly afraid of the "curtain" being pulled back and exposing the "Great and Powerful OZ" for the BS that government actually is.....

A group of worthless men and women that maintain power by fear mongering.

 

[Hoffstra]

Honestly, I have no clue whatsoever what the ramifications of a default would be, but I suspect that it would, once again, as in the sequester, prove to be nothing more than a great deal of hand-wringing and gnashing of teeth by politicians deathly afraid of the "curtain" being pulled back and exposing the "Great and Powerful OZ" for the BS that government actually is.....

A group of worthless men and women that maintain power by fear mongering.

Ronald Reagan said that a default would be very, very bad.

 

[Geaux4it]

Honestly, I have no clue whatsoever what the ramifications of a default would be, but I suspect that it would, once again, as in the sequester, prove to be nothing more than a great deal of hand-wringing and gnashing of teeth by politicians deathly afraid of the "curtain" being pulled back and exposing the "Great and Powerful OZ" for the BS that government actually is.....

A group of worthless men and women that maintain power by fear mongering.

Ronald Reagan said that a default would be very, very bad.

your dear leader didn't think so when he was campaigning for your vote

Raising the debt limit is irresponsible.

Here it is again in case you need a refresher

-Geaux

[youtube]ydZTHPkOnvE[/youtube]

 

[eagle1462010]

What's hilarious about the people who say "Let us default!" is that they think it's a great big liberal hoax.

They keep telling us nothing will happen next week if we default.

However, if something bad does happen, do you spose the Teabaggers will take responsibility for making a stupid prediction, or do ya think they'll blame blackie?

We only default if the Treasury is ordered not to ensure the priority of bills paid.

The Interest Debt payment is 30 Billion and it's due about the 17th. We receive over 200 Billion a month now. So if the bill on this Interest debt is not payed, then that is on the Executive Branch and Obama.

Finally, we ran out of money in Fucking May. They've Cooked the Books since then to put this battle down the road. For WHAT..................

So they can have a 2 month resolution, with a year resolution fight a little later to get the resolution issue gone past next elections.

The employer mandates were pushed passed the next election EVEN THOUGH THE LAW SAID IT WAS TO BEGIN 2014. Who is Obama and the Dems to change an aspect of the law without the delay passed by Congress. Putting them in violation of the very law they created.

 

[eagle1462010]

I'm for ending this BS.

Do not raise the debt and you have a INSTANT BALANCED BUDGET...............

It's past time to LIMIT THE OUT OF CONTROL SPENDING OF THE FED.

 

[RandallFlagg]

Honestly, I have no clue whatsoever what the ramifications of a default would be, but I suspect that it would, once again, as in the sequester, prove to be nothing more than a great deal of hand-wringing and gnashing of teeth by politicians deathly afraid of the "curtain" being pulled back and exposing the "Great and Powerful OZ" for the BS that government actually is.....

A group of worthless men and women that maintain power by fear mongering.

Ronald Reagan said that a default would be very, very bad.

I'll be the liberal here. LINK?????

 

[Hoffstra]

I'll be the liberal here. LINK?????

"Unfortunately, Congress consistently brings the government to the edge of default before facing its responsibility. This brinkmanship threatens the holders of government bonds and those who rely on Social Security and veterans benefits. Interest rates would skyrocket, instability would occur in financial markets, and the federal deficit would soar. The United States has a special responsibility to itself and the world to meet its obligations. It means we have a well-earned reputation for reliability and credibility -- two things that set us apart from much of the world."

Ronald Reagan, 1968

 

[Vandalshandle]

Money where your mouth is?

I'll lay down some interweb bucks that this "crisis" does not result in us defaulting on interest payments for our national debt.

As a matter of fact, as I posted just yesterday on this thread, I sold every last share of stock I owned at 4 PM Eastern time, Monday of this week.

Guess you lost money today. Hehe

The DOW went up by .2%.

Yeah, i'm going to lose a lot of sleep about having missed out on that!

The pain is lessoned somewhat by the fact that I missed out on the 1.5% DROP in the DOW yesterday.

 

[RandallFlagg]

I'll be the liberal here. LINK?????

"Unfortunately, Congress consistently brings the government to the edge of default before facing its responsibility. This brinkmanship threatens the holders of government bonds and those who rely on Social Security and veterans benefits. Interest rates would skyrocket, instability would occur in financial markets, and the federal deficit would soar. The United States has a special responsibility to itself and the world to meet its obligations. It means we have a well-earned reputation for reliability and credibility -- two things that set us apart from much of the world."

Ronald Reagan, 1968

Again - LINK?


I like this quote from Ronnie much better....

Ronald Reagan Speaks Out Against Socialized Medicine (recording (1961)
The doctor begins to lose freedom. . . . First you decide that the doctor can have so many patients. They are equally divided among the various doctors by the government. But then doctors aren’t equally divided geographically. So a doctor decides he wants to practice in one town and the government has to say to him, you can't live in that town. They already have enough doctors. You have to go someplace else. And from here it's only a short step to dictating where he will go. . . . All of us can see what happens once you establish the precedent that the government can determine a man's working place and his working methods, determine his employment. From here it's a short step to all the rest of socialism, to determining his pay. And pretty soon your son won't decide, when he's in school, where he will go or what he will do for a living. He will wait for the government to tell him where he will go to work and what he will do.

-and then there is this little gem-

There are those in America today who have come to depend absolutely on government for their security. And when government fails they seek to rectify that failure in the form of granting government more power. So, as government has failed to control crime and violence with the means given it by the Constitution, they seek to give it more power at the expense of the Constitution. But in doing so, in their willingness to give up their arms in the name of safety, they are really giving up their protection from what has always been the chief source of despotism — government. Lord Acton said power corrupts. Surely then, if this is true, the more power we give the government the more corrupt it will become. And if we give it the power to confiscate our arms we also give up the ultimate means to combat that corrupt power. In doing so we can only assure that we will eventually be totally subject to it. When dictators come to power, the first thing they do is take away the people's weapons. It makes it so much easier for the secret police to operate, it makes it so much easier to force the will of the ruler upon the ruled.


Now tell me that the "gipper" wasn't a genius...

 

[KissMy]

I have to admit, Kiss, that the total denial on the Right is a frightening thing, indeed. They honestly don't believe that this path is the road to hell. With that in mind, anything is possible, including default and depression.

Money where your mouth is?

I'll lay down some interweb bucks that this "crisis" does not result in us defaulting on interest payments for our national debt.

As a matter of fact, as I posted just yesterday on this thread, I sold every last share of stock I owned at 4 PM Eastern time, Monday of this week.

That was a smart move. Dow just had a classic triple top head & shoulders reversal. The right shoulder went a tad high because the Fed surprised everyone by not tapering, but that blip was short lived. Consumer confidence has tanked hardest since 2008. Growth rate of the M1, M2 & M3 are all heading down. Government sequester, shutdown & debt ceiling are taking their toll. And the Fed is still looking to taper. The party is over for stocks. It will be moving to cash & bonds.

 

[RKMBrown]

Money where your mouth is?

I'll lay down some interweb bucks that this "crisis" does not result in us defaulting on interest payments for our national debt.

As a matter of fact, as I posted just yesterday on this thread, I sold every last share of stock I owned at 4 PM Eastern time, Monday of this week.

That was a smart move. Dow just had a classic triple top head & shoulders reversal. The right shoulder went a tad high because the Fed surprised everyone by not tapering, but that blip was short lived. Consumer confidence has tanked hardest since 2008. Growth rate of the M1, M2 & M3 are all heading down. Government sequester, shutdown & debt ceiling are taking their toll. And the Fed is still looking to taper. The party is over for stocks. It will be moving to cash & bonds.

We'll see. Though I am heavy in bonds right now and would not be upset Most of the time when folks cry about a predictable disaster that disaster is already factor into the market price.

 

[KissMy]

As a matter of fact, as I posted just yesterday on this thread, I sold every last share of stock I owned at 4 PM Eastern time, Monday of this week.

That was a smart move. Dow just had a classic triple top head & shoulders reversal. The right shoulder went a tad high because the Fed surprised everyone by not tapering, but that blip was short lived. Consumer confidence has tanked hardest since 2008. Growth rate of the M1, M2 & M3 are all heading down. Government sequester, shutdown & debt ceiling are taking their toll. And the Fed is still looking to taper. The party is over for stocks. It will be moving to cash & bonds.

We'll see. Though I am heavy in bonds right now and would not be upset Most of the time when folks cry about a predictable disaster that disaster is already factor into the market price.

There will be a relief rally every time the street feels there is agreement & debt crisis may be averted. But those should be sold, because they will be short lived just like the extended Fed printing $85 billion rally was short lived.

 

[RKMBrown]

That was a smart move. Dow just had a classic triple top head & shoulders reversal. The right shoulder went a tad high because the Fed surprised everyone by not tapering, but that blip was short lived. Consumer confidence has tanked hardest since 2008. Growth rate of the M1, M2 & M3 are all heading down. Government sequester, shutdown & debt ceiling are taking their toll. And the Fed is still looking to taper. The party is over for stocks. It will be moving to cash & bonds.

We'll see. Though I am heavy in bonds right now and would not be upset Most of the time when folks cry about a predictable disaster that disaster is already factor into the market price.

There will be a relief rally every time the street feels there is agreement & debt crisis may be averted. But those should be sold, because they will be short lived just like the extended Fed printing $85 billion rally was short lived.

lol... the new Fed Chair likes to print money for her master. I don't think there will be a shortage of cash for buying stocks and any time soon and with the dollar's slide continuing based on running the printers 24/7 I don't see a reason to assume the share prices won't continue to go up against the dollar.