OK, folks. Get ready. The United States of America is about to default on its debt. However, despite the political rhetoric here by McConnell, I am inclined to agree with him. Who owns much of the debt? The banksters, who have already been given large chunks of money, via Bush and Obama. What better way to make the banksters pay for their dishonesty with the taxpayers than to tell them we aren't paying back what we borrowed, but they can keep all those billions of dollars we already gave them, after they ran their banks into the freaking ground?WASHINGTON (AP) — Senate Republican Leader Mitch McConnell warned on Friday that GOP senators will not vote to increase the government's borrowing limit unless President Barack Obama agrees to rein in Social Security, Medicare and Medicaid, laying down a high-stakes marker just weeks before the debt ceiling is reached.
In an interview with The Associated Press, McConnell complained that Obama has refused his offers — both public and private — to work on a bipartisan plan to tackle the nation's massive benefit programs, which threaten to overwhelm the budget in coming years.
China is going to be pissed off too. They own the largest chunk of all our debt. Screw them too. They have been gaming the Capitalist system against us for years. We can game it too, by giving them a big, fat middle finger, and saying to them "What debt?".
The Arabs? That's another story. They own a good chunk of debt too, but if we give them the finger, they will give us two fingers, by launching an oil embargo. All the more reason for us to wean ourselves off their oil so that, one day, we can tell them to either pay 10 times what food is worth, or eat their oil.
Who else owns US debt? I don't give a crap. Let 'em burn too. Yea, things will be tough for a while. We might even have another Great Depression. But damn it - We have great land for growing food. We have the capacity to make our own steel and cars, if we get off our asses, and just do it. And, damn it, we have a resource that nobody in the world can hold a candle to - The American worker. Yea, things will be tough for a while, but we will not only come out of it better off than we were, but we will be finally be forced to balance the budget each year, because nobody in their right mind will ever again lend us so much as a dime. Works for me. LOL.
Article is here.