Mike
The simple fact is that our society and our government are completely corrupt. Politicians maintain their positions of extreme privilege by doling out money and benefits to voters - it is their ability to bribe that ensures their continued privilege. If you have real cuts or if you have the government unable to continue increased borrowing, then all you do is cripple the politician's ability to bribe the population with relative crumbs. It (default or some forced reduction in government spending) cripples the politicians, not the country. That's why none of them, of any political stripe, will ever cut or reduce anything related government's scope - they are purposely reducing their own power and privilege by doing so.
Obama never states the obvious that on a daily, monthly and annual basis, we cannot pay all our bills unless we are able to borrow funds from primarily the Chinese. In other words, we need an increase in our credit card limit simply to pay current bills on a monthly basis.
Now, individuals, families and businesses of all sizes would be hard pressed to secure credit within a scenario that has them short on a monthly basis.
Seems like we are headed for a fall.
He WAS bluffing.
ALL IN!
So, is he lying to us, the people, when he says we will default? Or is he lying to the bankers when he says we won’t? Which is it?
Chicago Politician BTTT
Now the stage is set for his left flank to launch into him if he is paying the banks but not sending SS checks to Grandma. Pass the popcorn.
Can you imagine what his reputation is among bankers and the financial elites?
Guess I'd better withdraw some more cash from the bank to have on hand, because if Obama is saying this is gonna happen, then it's a good bet the opposite is gonna happen, so that must mean a bank holiday is just around the corner.
“Obama to banks: We’re not defaulting.”
=
“Don’t worry, we will continue to bail you out”
Forward this to EVERY LAST REPUBLICAN in Congress. Let them know Obama will not be choosing to destroying or credit rating by default. That they should have no reservation in going ahead and letting the Federal goverment run on revenue for a while.
Call the bluff. All in. The American people might be being pressured into believing the GOP should fold, but when nothing happens on August 3rd, 4th, and on, and life goes on as usual, oh it will be sweet!
Accurate description of the semi-Kenyan