We have been through this for 2 1/2 years now so why do you keep buying the Obama lies?
It has been proven (About the only thing that is a mathmatical axiom) that exponential growth is unsustainable.. PERIOD! We cannot contnue growing in any area, economic, population, or anything without periods of slowing down, or decrease in growth.. It's that simple. That's why bubbles always burst, and every honest economist KNOWS this is true!
Time we stopped pretending to know more than we know..
“When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.” - P. J. O’Rourke
“Socialism is great until you run out of someone elses money” Margaret Thatcher
I can certainly see reason for caution on both sides as to how "default" is defined. Technical default, which is certainly undesirable, should not be equated with debt service debt in an "it's all default so let's treat it the same" argument. On the flip side, it seems to me that many who make the claim that technical default isn't really a "true" default (not necessarily you in particular) are hiding behind symantics rather than discussing the very real impact of failing to make those payments (regardless of how one wishes to define "default").
Obama record, 15.1 million officially unemployed TODAY 2 1/2 years later, 16.2% total unemployment or underemployment over 24 million TODAY, 4 trillion added to the debt as of the end of fiscal year 2011, and a rising misery index(7.83 to 12.67).