Skip to comments.Obama: Without deal 'good chance of default'
Posted on 10/14/2013 12:00:09 PM PDT by Tailgunner Joe
President Barack Obama says that if Republicans can't resolve the standoff over the debt ceiling and the partial government shutdown, quote, "we stand a good chance of defaulting."
(Excerpt) Read more at news.yahoo.com ...
What is this “we” crap, BO?
YOU are the failure. Not the Republican House.
By the way, is no one able to penetrate the truth that default really means not paying the interest on the debt, and we’re not going to do that?
Nobody in the media is brave enough to call out his lie.
sounds like conflating and bluffing.
The issue is the treasury better start prioritizing what they are going to pay. Hope we really pay our interest and cut some salaries and office space in DC..
Such a bullsh!tter.
Boehner needs to threaten impeachment. Nicely of course.
Default. That IS his end game. That IS what he wants.
Frankly, there is no downside for Obama in defaulting.
Obama crashes the global economy, media blames the Republicans.
Obama fulfills the Radical Black Socialist dream of his mentor, Frank Davis, and crashes the US economy, the Media blames Republicans.
Obama wants money from the congressional districts for his federal government...
He should be happy to accept what’s offered.
The leader of the Chicken Little party squawks again...
“Nobody in the media is brave enough to call out his lie.”
There are plenty of wrecked media careers to show them what happens when someone dares to go against the approved MediaMatters/OFA Current-Truth-Of-The-Day.
It was like this in 1930’s Germany, too.
Default. That IS his end game. That IS what he wants.
Default is not possible if the country’s obligations are paid first...he would just need to lay off some more government workers to manage the cash flow.
We know that and I’m sure he knows it. I think he deliberately wants to push the country over the cliff.
Hey Jackass, how about you doing a little dealing.
The effects of a default will be ALMOST as severe as the sequester.
Bring it on !
This is news?
Both parties, Democrat and Republican, getting a lot of media time during this political event, setting themselves up with quotes and video clips for upcoming elections.
They’ll hook up their new world order masters when the resolution needs to happen.
More borrow, more spend.
Thanks, sheeple !
What the hell is that supposed to mean???
If Obama chooses to default, he will own the recession that will come afterwards. It’s his choice. If he doesn’t want that, he should repeal Obamacare, repeal the tax increase and then resign.
Zero is playing to the mainstream media. I tried to negotiate with the GOP but Nooooooooooooooooo.
No default- back-door balanced budget amendment. Read here.
Exactly what I was thinking of when I read the headline!
This spending has to stop somewhere, all they are ALL doing is trying to kick the can down the road like they’ve done for years.
We’re broke period.
A good start would be the elimination of Baseline Budgeting.
You can’t grow the government at 10% a year when the GNP is at less than 2%.
Obama is a f’n LIAR!
Then over the breach we go.
Since journalism in this country is dead, it's a hard item to communicate.
We have debt that is owed mostly to domestic unions and pension funds. If America experiences a financial crisis of any significance it will be caused by liberals - plain and simple.
ah shucks obama. we all know you and bernanke can just print up some more funny money and pay yourself.
So the socialist is going to default. Shocking
US might as well declare bankruptcy.
There is your legacy Odingo.
Didnt Obama say he wouldnt compromise and accept his dog pile or else?
Anyone think Boehner will convene impeachment hearings if Obama misses a payment?
I thought a lot wasn't possible before Obummer took office. He'll default the country ... he's playing for keeps ... death of the GOP, total control, ready to implement martial law if the natives get too restless. I have no doubt, after what he's done with the NPS, treatment of vets, etc. that he'll do whatever it takes .... and he's assured, based on what he's gotten away with so far, that no one will stop him. He could care less what the Constitution says or the so-called laws of the land that he ignores, flaunts, misuses. I heard a vet telling a DC cop that he's going to have to choose sides soon .... obey orders or stand with the people .... and the way things are going, it will be sooner rather than later. I do not recognize America any more.
We might default but it would reflect either the general incompetence of the Obama administration of the willful instruction by Obama. remember someone instructed the “essential” “barricade” people to put up a new barricade at the WWII Memorial first thing Monday morning
I've asked my congressman, who runs unopposed because his district is so conservative, if he will be initiating or supporting impeachment if the President defaults in direct violation of the Constitution. I asked politely, of course. I expect a non answer, of course.
No. They didn't the first 99 times he broke the law. Or every time since.
Nonsense. If we default, it’s because he’s choosing to. Just like he chose to close open-air monuments for no apparent logical reason.
What about the rest of the people we owe money too? The companies that sell the government fuel, food for the troops, munitions, toilet paper, rents building space, provides electricity and other utilities? If they have a contract to provide it and the government doesn't pay them then are you saying the government isn't in default? What about military pay and pensions? What if we don't pay those - default or no? Social Security and Medicare are non-discretionary expenses. Wouldn't failure to pay those be default?
Every television station is reporting that we will run out of money on Thursday.....why aren’t they saying that we run out of borrowed money on Thursday? Majority of street dummies don’t get it.
The way it has been ‘splained is that a technical default is the failure to pay interest on the debt.
that isn’t going to happen, unless the Clown chooses not to pay the interest.
I was in the presence of a liberal yesterday and he asked me if I was one of those Tea Party people - I said yes and Ted Cruz would be president in 2016. He said that would be a disaster that Cruz is one of those very right wing crazy people.
I will not argue with these dead set liberals but he said he wants to talk to me again about politics. His father is a friend of mine and I was there to see him as he is very ill and will die soon. I may see this liberal again due to that. This liberal is smart and it’s hard for me to see how a smart person could be so screwed.
It's not like there will not be money for the nation's interest on its debt, there's that and much, much more.
If I pay some of my bills but don't pay the others then I'm in default, no technicality about it.
Two thirds of the federal budget is non-discretionary, legislatively mandated spending. Interest on debt, believe it or not, is not in that category. The roughly $144 billion in Medicare and Social Security payments for the month will have to be paid before debt or military salaries or veteran pensions or any other defense spending. So even if your definition is correct, that doesn't mean that the money will be available to pay it.
That's gonna happen if we spend like a drunken sailor... this is a dry run for the stuff that's going to happen because of irresponsible spending.
Apparently a thinning of the mob is required.