View Poll Results: Will the U.S. default on its debt?

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  • Yes

    5 33.33%
  • No

    6 40.00%
  • Don't Know

    2 13.33%
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    2 13.33%
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Thread: Will the U.S. default on its debt?

  1. #11
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    Re: Will the U.S. default on its debt?

    Quote Originally Posted by upsideguy View Post
    This has nothing to do with electing Obama.... the crisis has been created by congress.
    He sure hasn't helped, by adding greatly to an all ready out of control deficit. Im not implying that bush didn't add to it too... but why would you add to debt already that big? He made no initiative... and contributed to a large amount of its growth.

  2. #12
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    Re: Will the U.S. default on its debt?

    Quote Originally Posted by U.S. Socialist. View Post
    Yes they have and they are going to use that hammer to smash our country into ruins if we let them.
    If our future is Communism, better for the country to be smashed now. I won't live in a Communist society. Something tells me you wouldn't like the kind of Communism people such as Obama, Eric Holder, Van Jones and Pastor Wright have in mind, either.
    NOTICE: I am not a troll, because what I write I believe, and I have no intention of derailing threads or manipulating human nature. I am not a terrorist, because I do not endorse the killing of innocent people, and I am not here to promote violence. I AM HERE ONLY TO EXPRESS MY PERSONAL OPINION AND ENJOY LIVELY DISCUSSION.

  3. #13
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    Re: Will the U.S. default on its debt?

    Quote Originally Posted by ElCid View Post
    This is just the beginning of our crash. We were dumb enough to elect Obama, and now we must deal with the consequences. The country will be in ruins, by the end of his second term. Civil war might even break out. Seriously...............

    Don't worry the world ends in 2012 anyways.

  4. #14
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    Re: Will the U.S. default on its debt?

    Quote Originally Posted by ElCid View Post
    Truthfully, I'm very proud of the Tea Party. I don't belong, but it has just flat kicked butt.
    Honestly, I don't think a lot of them will be around after the 2012 elections. I really think they have overplayed their hand. The Ryan Plan will hurt a lot of them, Medicare is very popular even with Teaparty members. Don't you remember the famous teaparty sign that said "Keep your government hands off my Medicare! You damned socialists!"

  5. #15
    Educator U.S. Socialist.'s Avatar
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    Re: Will the U.S. default on its debt?

    Quote Originally Posted by ElCid View Post
    If our future is Communism, better for the country to be smashed now. I won't live in a Communist society. Something tells me you wouldn't like the kind of Communism people such as Obama, Eric Holder, Van Jones and Pastor Wright have in mind, either.
    Well since I don't think any of the people you listed are communists than probably not.

  6. #16
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    Re: Will the U.S. default on its debt?

    Quote Originally Posted by upsideguy View Post
    They are not serious on the debt or deficit issue.
    Moody's: Neither debt plan protects the nation's AAA rating - The Hill's On The Money

    The other republicans and democrats plans possibly wouldnt even stop the credit rating from going down. Bigger cuts NEED to be made... and the Dems are completely not getting that at all.

    Sure they are proposing historical cuts... but thats irrelevant when you need significantly more. That's just a play on words making people think they are being reasonable... you shouldn't have even questioned that historical cuts had to have been made, that wasn't even up for discussion on what needs to be done.
    Last edited by celticwar17; 07-31-11 at 01:15 AM.

  7. #17
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    Re: Will the U.S. default on its debt?

    What's going to happen at present is Congress being the pussies they are will come to an agreement to temporarily raise the debt. Everyone of those scum suckers will then be able to go back home and tell everyone how they worked so hard "for the People" because "Americans need jobs" and on and on with that bull hockey. The partisans back home will believe them and declare them worthy of continued support.

    Delay the problem, which Congress is wont to do, because there is never much of a penalty for doing it. Obla di, obla da. Life goes on.

    Except that it doesn't.

    Risky's Political Prognostication, Number 38: The Future is Fairly ****ed

    Nothing works out like is it supposed to except when your alimony payment is late.

    You know your brother-in-law, Larry? The one who is as broke as a pickpocket in a nudist resort? The one that who will save as much as he can from two paychecks, go to Vegas betting on the come. Oh, happy day. Larry makes big plans to return home like the conquering hero. Big money is coming and Larry will live large. Except Larry is going to drive his 20 year old Yugo to Vegas. You know the rest of the story. Larry makes it to Moline when the Yugo dies. Now Larry needs another $1,200 just to fix the Yugo because he can't afford to buy another car. His credit is shot. He's stuck in Moline with the cash he was going to speed in Vegas and still $1,200 short.

    America is your brother-in-law, Larry. America, thanks to Congress, is smoking toward Vegas with big plans. Everything is going to be all right. Wrong. Sometime between whenever Congress agrees to Come to Jesus, hold hands and temporarily raise the debt ceiling while temporarily allowing the top 5% of America to keep its tax breaks, Mother Nature is going to become Mother ****er. I'm guessing a full force Cat 5 hurricane slamming into America somewhere. Maybe not, could be a world class snowstorm covering major cities for months. Or it could be a sun flare that fries the power grid for 7 or 8 states. There goes the Yugo and America will be fairly ****ed.

    Congress is going to bet on the come. It's a hell of a gamble. And they cards are not coming our way these days.
    Last edited by Risky Thicket; 07-31-11 at 01:41 AM.










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  8. #18
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    Re: Will the U.S. default on its debt?

    I voted no. A default, in the technical sense, is unlikely in the extreme, even with all the morons on Capitol Hill.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

  9. #19
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    Re: Will the U.S. default on its debt?

    Quote Originally Posted by Chappy View Post
    Answer the question!
    no. bondholders come first. large sections of the government might get shut down. but bondholders come first.

  10. #20
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    Re: Will the U.S. default on its debt?

    Quote Originally Posted by cpwill View Post
    no. bondholders come first. large sections of the government might get shut down. but bondholders come first.
    Correct. While not a default in the technical sense, though, this likely will still cause interest rates to rise once it becomes clear that the government can't fulfill all of its obligations.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

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