[driftdiver]

oh it will be much worse then a minor correction.

[ClearCase_guy]

You’re driving a Mercedes.
You go through a red light.
You get a $50 ticket
You drive home and sit in your driveway.
You remove the gun from your glovebox and blow your brains out.

Default happens when the guy in charge WANTS it to happen. The amount of money that would prevent default is small and it is on hand. Default is a choice. A bad choice.

It’s a choice you make ONLY if you hate this country and WANT to destroy it.

[wideawake]

Not paying your bills is morally reprehensible.

The US borrowed the money and the US should pay the interest it owes.

What kind of conservative cheers for his country becoming a deadbeat and reneging on a contract?

[impimp]

Default would be Obama’s choice as he can choose to pay who he wants with the tax revenue that comes in (when there is a shutdown). I am willing to let him choose default.

[JPG]

[arthurus]

If the limit is not raised default would purely be a deliberate move by the president to refuse to pay the interest due on the debt as the priority expense. There is quite enough monthly income to do that.

[TwelveOfTwenty]

First of all, nobody believes the government does not have enough money to pay down its debt. We would just have to stop doing things like feeding lazy losers.

Agree. If we default, it will be because we chose to pay the takers instead of our debt holders.

[DNME]

We do indeed take in enough to make debt payments.

But we’re not taking in enough to pay Social Security AND Medicare AND military pay AND farm subsidies AND disaster relief ... AND ... AND ...

It’s all the AND payments that cause the problems.

I don’t like federal borrowing even a little bit. I’ve got to balance my checkbook and the feds should too. And in my humble opinion there is no reason to run a deficit in peacetime. None.

But run them we no. Some drastic budgeting is needed but the Washington Incompetence Corps simply isn’t up to the job. We need to fire every damn one of those crooked jerks and get somebody in there who has a spine and knows which end of a pencil to use while drawing up a budget.

[Revel]

Not increasing the debt limit does not mean defaulting on US debt. We only default if Treasure chooses to default. This is because at this time incoming revenue is about 10 time the interest on the debt. Or so I am told.

[MadIsh32]

You clearly have no idea how complex global markets work.

Any default, any missed payment, is a disaster for this nation.

If I don’t see a deal by Tuesday, I am pulling the cash out of my bank and getting the gold out of my lockbox and heading for the hills. It will be that serious

[celmak]

This whole thing about "default is nothing but a canard by the Left. Literally, its like a person who has a credit limit of $20,000 and he want to "raise his dept limit" to $21,000. He has an income that can make the payments and the interest, but he wants to spend more; that's what they want to do in DC! Raising the dept limit has nothing to do with going into default; unless Obama and the Democrats want to do so!

[dalereed]

Germany canceled it’s national debt and got away with it, why can’t we?