If Boehner caves on the debt ceiling then it is all over for the Republicans and America. If it is raised and the Dems start borrowing heavily, which you know damn well they will, you can bet that money will the be used for the so called “shovel ready jobs” just in time for the 2012 election. Millions of workers will go on “the dole” of taxpayer funded jobs.
Of course these jobs will only last thru the election when we will be faced with an even bigger deficit and no way to pay even the interest on the debt. Interest rates will skyrocket if you can even get a loan, inflation will take off and resemble the Weimar Republic, the dollar will no longer be the world currency, and every American will be on their own to try and survive.
This is why the Dems want the debt ceiling to rise once again. All they have to do is retain power for 4 more years and the America we all know and love will no longer exist.
In actuality the America we all hold dear in our memories hasn’t existed for quite some time. But at least there is a chance we can restore her back to health. The time is rapidly approaching when we will not be able to restore America without bloodshed. Even at that what chance would Patriots have against the resources of the US Government?
This may seem extreme to many of you but we truly are in a precarious situation. We simply can not hold out economically much longer and because the Democrats (communists) have their people in all key government and Judicial positions, control the military, and all police forces they will simply fill the vacuum. We will be presented with a fait accompli.
Also understand that if the debt ceiling is not raised, which we hope it will not be, the Dems will do everything in their power to make life even more miserable. Deep cuts in spending will have to be made but you can rest assured the Dems will not make cuts that make sense. Everything will be geared so they can say ‘see we told you so.’
Bottom line: it is imperative that Boehner and company hold the line on this and for all to realize there is no painless way out of this mess. We are only standing at the threshold of the misery that awaits us. There will be pain and suffering no matter who comes out on top. But rest assured that pain and suffering will be exponentially worse if the Democrats prevail.
http://www.zerohedge.com/article/german-rating-agency-feri-downgrades-us-government-bonds-aaa-aa
http://www.zerohedge.com/article/dagong-rating-agency-us-has-already-defaulted
I'm not sure how the Dems do this since they don't control the House and have no hope of holding it in '12.
It's all about the elections. If we get a GOP Presidency and/or Senate we get spending cuts AND upgrades by ratings agencies since we have a newly raised debt ceiling.