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To: mdittmar

So do you think a debt default is something that could actually happen and literally single-handedly cause a new Great Depression?


3 posted on 10/09/2013 4:09:11 PM PDT by freedom462
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To: freedom462

“So do you think a debt default is something that could actually happen and literally single-handedly cause a new Great Depression?”

Dear leader, the gop-e, and the corporate welfare queens would sure like you to think that’ll happen. Reality though is that revenues greatly exceed interest payments so there is no need to default. The question is whether dear leader CHOOSES to default.

That’s a gamble I’d take in a New York second: dear leader isn’t going to stiff his cronies in the Bankster Industrial Complex.

Upshot: failure to increase the debt ceiling equals instant balanced budget.


10 posted on 10/09/2013 4:17:07 PM PDT by RKBA Democrat (Power disintegrates when people withdraw their obedience and support)
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To: freedom462

No,won’t happen,money was real then,this is all monopoly money and everyone knows it,they’ll all play along for a while longer.


16 posted on 10/09/2013 4:25:19 PM PDT by mdittmar
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To: freedom462
S.1569 Latest Title: A bill to ensure the complete and timely payment of the obligations of the United States Government until December 31, 2014.

Sponsor: Sen Reid, Harry [NV] (introduced 10/8/2013)

See,harry already introduced a Bill to save us,the House will extract a few concessions then all will be fine,for a little while;)

27 posted on 10/09/2013 4:44:22 PM PDT by mdittmar
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To: freedom462
This just in;AP Sources: House GOP weighs short-term debt bill

See how it works;)

34 posted on 10/09/2013 4:57:36 PM PDT by mdittmar
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To: freedom462

“So do you think a debt default is something that could actually happen and literally single-handedly cause a new Great Depression?”
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Uh, in the real world the new “Great Depression” is here and it is looking far worse than the thirties. It is just being masked as much as possible by manipulation and gyration and media coverup. One old man who remembers the thirties told me this is NOT a depression because we don’t have soup kitchens! My response to that is wake up, we have nearly fifty million on EBT “food stamp” benefits. It is now possible for people who have no clue how to make it on their own to walk around with the appearance of being self-sufficient, even middle-class people. This was not possible in the thirties.


60 posted on 10/10/2013 5:57:48 AM PDT by RipSawyer (The TREE currently falling on you actually IS worse than a Bush.)
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