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Shutdown: US ‘days’ from causing worldwide economic disaster, says World Bank
Belfast Telegraph ^
| 13 October 2013
| Kashmira Gander
Posted on 10/13/2013 6:49:40 PM PDT by Olog-hai
The United States is just “days away” from causing a global economic disaster unless politicians devise a plan to raise the nation’s debt limit and avoid defaulting, the president of the World Bank has warned. …
“We're now five days away from a very dangerous moment,” Jim Yong Kim said in a briefing on Saturday, then the 11th day of the crisis, following a meeting of the bank’s Development Committee in the US capital Washington DC. …
(Excerpt) Read more at belfasttelegraph.co.uk ...
TOPICS: Business/Economy; Foreign Affairs; Government; News/Current Events
KEYWORDS: debtceiling; economicdisaster; shutdown; worldbank
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1
posted on
10/13/2013 6:49:40 PM PDT
by
Olog-hai
To: Olog-hai
The World Bank needs to be defunded...
2
posted on
10/13/2013 6:50:14 PM PDT
by
Paladin2
To: Olog-hai
Maybe the rest of the world should learn to take care of its own problems.
3
posted on
10/13/2013 6:51:21 PM PDT
by
cripplecreek
(REMEMBER THE RIVER RAISIN!)
To: Olog-hai
Apparently billions of our dollars are unknowingly going overseas or all of these foreign types wouldn’t be panicking. Hmmmm.....
4
posted on
10/13/2013 6:52:05 PM PDT
by
MeneMeneTekelUpharsin
(Freedom is the freedom to discipline yourself so others don't have to do it for you.)
To: Olog-hai
If the world economy crashes, it is all ........’s fault.
5
posted on
10/13/2013 6:52:41 PM PDT
by
The_Media_never_lie
(Actually, they lie when it suits them! The crooked MS media must be defeated any way it can be done!)
To: Olog-hai
6
posted on
10/13/2013 6:52:45 PM PDT
by
arthurus
(Read Hazlitt's Economics In One Lesson ONLINEhttp://steshaw.org/economics-in-one-lesson/)
To: Olog-hai
I see Leftists around the globe in panic mode. Wondering why?
7
posted on
10/13/2013 6:53:12 PM PDT
by
rockinqsranch
(Dems, Libs, Socialists, call 'em what you will. They ALL have fairies livin' in their trees.)
To: Olog-hai
Bullsh*t. The debt limit situation has nothing to do with the US's ability to pay interest owed on its debts.
Seems like the world is on the democrats' side. Wonder why... /s
8
posted on
10/13/2013 6:53:38 PM PDT
by
skeeter
To: Olog-hai
So not only does the US have 50% of its people dependent on the government, we’ve got the whole world dependent on it as well.
We are so screwed
9
posted on
10/13/2013 6:54:47 PM PDT
by
svcw
(Socialism is so great, that it will be forced on you.)
To: Olog-hai
This is absolute nonsense. I don’t get why Boehnor and McConnell who are supposed to be the GOP leadership don’t come on TV and explain that on any given day there are more than enough revenues to pay the service on the debt. Instead they just sit back and let Ostumbles blather on about defaulting.
10
posted on
10/13/2013 6:55:28 PM PDT
by
Georgia Girl 2
(The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
To: svcw
The rest of the world needs to wise up, and not expect the USA will get them out of every sort of crisis.
To: Olog-hai
How about the world bailing us out?We have pumped $trillions into foreign banks since 2008 can’t we be on the receiving end of the largesse for once?
12
posted on
10/13/2013 6:56:51 PM PDT
by
Cyman
(kes the life out of them as they are in the throwsof mutual passion.)
To: Olog-hai
Stop the lies! The United States can pay all of its debt obligations from regular tax income even if the debt ceiling is not raised.
To: rovenstinez
Its like welfare. It teaches dependence.
14
posted on
10/13/2013 6:58:07 PM PDT
by
cripplecreek
(REMEMBER THE RIVER RAISIN!)
To: cripplecreek
The rest of the world is a little more than 47%.
To: Olog-hai
We must reduce our involvement with world economics - some is good, but this mutual dependency is ridiculous.
I believe you need to take these so called “experts” with a grain of salt. They do exaggerate all the time.
16
posted on
10/13/2013 6:59:23 PM PDT
by
elpadre
(AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-hereQaeda" and its allies.)
To: Petrosius
17
posted on
10/13/2013 7:03:58 PM PDT
by
Fungi
To: Petrosius
18
posted on
10/13/2013 7:04:02 PM PDT
by
Fungi
To: Olog-hai
Utter crap.
19
posted on
10/13/2013 7:06:20 PM PDT
by
grimalkin
(We are a nation under God. If we ever forget this, we are a nation gone under. -Ronald Reagan)
To: Petrosius
Stop the lies! The United States can pay all of its debt obligations from regular tax income even if the debt ceiling is not raised.Yes, but will Obama order the Treasury to prioritize payments and halt payments on debt?
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