Boehner On Shutdown: 'This Isn't Some Damn Game!"

Trancecoachsays...

No one really believes that the GOP will let the country default on the debt. This is all political theater. The debt limit will likely be raised. (But who knows for sure?) It could happen in theory that a group in the GOP lets it happen. Either way the US cannot pay on its debts. It can either default (not pay), or it can borrow more, but that is not paying its debts but increasing them. Those are the two options. It cannot/will not pay off the debt. No one even claims it can at this point.


"And while Wall Street is sanguine, big banks like Morgan Stanley and Citigroup are still working out contingency plans [in case of default] that involve redoubling efforts to keep clients calm and are selling government bonds — a sign that confidence in Washington has waned."

And if/when bond buyers stop buying bonds, that means "game" over.

JiggaJonsonsays...

"All we're asking is to reopen the governmennt annnnnndddddd __(insert bullshit about destroying Obamacare here) ___"
-Bohenero (fuck this guy, im not spelling his name)

"All we're asking is to reopen the government"
-Democrats

WHO is the one who is unwilling to compromise again???

newtboysays...

I do. They're insane zealots and Blame Obama Firsters that want nothing more than the next anti-Obama sound bite to keep their name in the news daily and apparently have no thought about how they damage the country by doing so.
Anyone but the incumbent is how I'll be voting next election, and for the foreseeable future until they are ALL replaced.

Trancecoachsaid:

No one really believes that the GOP will let the country default on the debt. This is all political theater.

bobknight33says...

Obama and the Democrats have regulated the republicans as trash for the last 3 years. Its about time the Republicans start standing up for something.

With each passing day the Tea Party grows and both sides need to take that into consideration.

chingalerasays...

Gotta love those cloaked-ad-hom comment down-votes-

The United States two-party systems' a joke.
A gang of criminals provide the show and no blog-banter will fix the hijack. Full-on police state within 20 years, total surveillance, criminals made of complainers (shooting the bird, illegal...stuff like that)

While people are talking about which republican or that democrat, the shits gonna turn ugly, controlled, regimented, rights become privileges, etc. etc. etc.-Sorry, bout as optimistic as I can be reading the comments.

Also see the Terminator scenario happening before hover cars, free energy, or everyone being fed and clothed.

Trancecoachsays...

I don't think they'll let the U.S. default now, nor do I think they will not raise the debt ceiling (But, again, who knows?). If they do, however, raise the ceiling, it will be another indication that there is no more capping the debt, it will grow and grow until the country has no choice but to default.

Interesting to remember, back at the beginning of the Reagan years, fiscal conservatives were "crying" about the debt being $1 trillion. That's nothing compared to what it is today. And it was Reagan (by way of his "Reaganomics") who decided that there was no problem with increasing the debt.
Writes Murray Rothbard (in 1981), in an article about how the U.S. should just default on the debt:

"Perhaps the most absurd argument of Reaganomists was that we should not worry about growing public debt because it is being matched on the federal balance sheet by an expansion of public 'assets'."

(I wonder what he would make of today's $16 trillion+ in U.S. debt?)

Predictably, as soon as Reagan went on a spending spree, fiscal "conservatives" stopped being so (not unlike the 'leftists' who stopped being anti-war as soon as Obama was elected).

It should also serve us to remember that it was the Democratic party that first considered itself the party of fiscal responsibility, at least with regards to Jefferson, Jackson, and Van Buren who all had a conscious plan to defund government but eventually failed for various historical reasons.

"It is for all these reasons that the Jeffersonians and Jacksonians (who, contrary to the myths of historians, were extraordinarily knowledgeable in economic and monetary theory) hated and reviled the public debt. Indeed, the national debt was paid off twice in American history, the first time by Thomas Jefferson and the second, and undoubtedly the last time, by Andrew Jackson."

newtboysaid:

I do. They're insane zealots and Blame Obama Firsters that want nothing more than the next anti-Obama sound bite to keep their name in the news daily and apparently have no thought about how they damage the country by doing so.
Anyone but the incumbent is how I'll be voting next election, and for the foreseeable future until they are ALL replaced.

charliemsays...

Debt ceiling has always been raised, every year...always.
It has to, in order to account for inflation.

Previously, it was automated, so no arguments from anyone. Until it wasnt...and now its a political football.

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