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Plenty of Fear to Go Around If America Defaults on Debt

But no one is sure what will actually happen if we do

October 9, 2013

WASHINGTON — Here’s the scariest thing about the looming deadline to raise the U.S. government’s borrowing limit: No one knows precisely what will happen if the limit is breache....

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(112)

uglyassmf

Oct-09-13 2:28 AM

plenty of fear and blame..oh well..won't change my life much. I don't rely on the government. It's a shame people who worked all their lives are getting screwed on their social security. a lot of these average working people would have had at least 1/4 of a million paid in with their employer match and they have to fight with the government for peanuts just live daily. It's sad ..our leaders spent it all and gave it their friends and special interest groups.

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mikeyd

Oct-09-13 4:13 AM

i know,they'll close the ohio county airport.us commoners didn't run this debt up.this is on the back of the politicians.good thing those people don't have credit cards.accountability.

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daWraith

Oct-09-13 5:31 AM

Hallucinogenic patient in 220-B, called the psych ward STAT!

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daWraith

Oct-09-13 5:32 AM

Gregwhore, your wife Bruce sez you is full of spit!!

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daWraith

Oct-09-13 5:37 AM

For the 10th time, let me say this: If the Treasury defaults on the US debt they are dumbest bunch of uglyMF's on the planet!

INCOME from TAX REVENUE: $227+ BILLION per month.

PAYMENTS ON THE DEBT: $37 Billion per month.

DUH!

PLENTYH left of Social Security and Medicare as well and for the MILITARY.

EPA? Department of Education? NOAA? NASA?? .....etc FAGHETABOUTIT!

Suppose you made $2300 a month and your payment son the house and car were $400 a month. But you have utility, cable TV, cell phones bills that total $3000 a month.

If you had spit for brains, you pay the SECURED debt (car and house) First and STIFF the cell phone company and your gym membership.

Same choice for the USA government.

Anything else is alarmist BULLCRAP from the Child in Chief.

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daWraith

Oct-09-13 5:42 AM

FOXNEWS:

A Massachusetts woman says she and fellow tour-group members were locked under armed guard inside a Yellowstone National Park hotel during a visit to the park at the start of the government slimdown.

Pat Vaillancourt told the Newburyport News newspaper the incident unfolded Oct. 1 when they were already inside the park and a ranger would not let them off the tour bus to photograph roaming bison.

The group -- roughly 40 senior citizens from around the world -- was allowed to return to the Old Faithful Inn to spend a second night at the hotel, but some with limited English skills thought they were under arrest, she said.

Vaillancourt said the guards looked like armed "Hulk Hogans" who told group members they couldn’t leave the hotel and that some of the Asians guests said, “Oh my God, are we under arrest?”

DO you believe the stories about US government bought 1.7 BILLION rounds of AMMO???

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daWraith

Oct-09-13 5:45 AM

Why does the Social Security Administration have ARMED GUARDS?

Why does NOAA need armed guards?? Is Flipper planning a Muslim Terrorist cell of Dolphins??

Why is FEMA building camps to hold up to 500,000 people surrounded by barbed wire (that points IN to the camp, not OUT)?????

You SHEEPLE are DEAD MEAT. And Gregor, they will kill you first because you are a dumbass coward.

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Wvcoffee

Oct-09-13 5:54 AM

Cue daWmoron... Goodbye Teahooligans! Your obstruction days are over. Plz take some of these local loons with you. Don't let the door hit you in the asp.

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Ragnar

Oct-09-13 6:29 AM

Coffee

Please stop drinking the Barry Hussein Soetero CuckAid.

Here is the reality:

Spending bills originate in the House. The House passed a spending bill funding 100% of Soetero's demands-except for ObamaCare. They then sent the bill to the Senate which must, by law, vote yes or no.

If the Senate votes no, the bill goes back to the House and both chambers start over. If the Senate votes yes, it goes to the President, who can sign it, wait 10 days and do nothing (then it becomes law) or veto it.

The problem is that the Senate Democrats don't want to have to take action. If they vote yes, of course, ObamaCare is not funded.

If they vote no, then it is THEY who take the blame for the shutdown and Barry & Harry want to avoid blame at all costs.

THAT is where we are. THAT is the reality.

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dyingov

Oct-09-13 6:31 AM

The following is what SHOULD be of the most interest to the sheeple:

"Q. Couldn't the government just print more money?

A. No. The Federal Reserve, an independent agency, is responsible for creating money. The government funds itself through tax revenue and borrowing."

FUNNY MONEY.....

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Gooseman

Oct-09-13 6:51 AM

The repubs shall destroy themselves from within. Ive said it for years. Thanks teapublicans. Can't wait until 2014 elections. America will return to greatness.

As long as this President continues to stand up to the right wing extremist wackos, future Presidents will not have to deal with a minority of extremists holding the nation hostage.

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dyingov

Oct-09-13 6:58 AM

"If the debt limit wasn't raised through November, Goldman Sachs estimates that government spending would be cut $175 billion."

So the US spends 3.8 billion per day that it borrows! Doing the math that is 1.4 trillion per year! I'll bet the goberment numbers peeps are pis sed about the private sector revealing the truth! LOL

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daWraith

Oct-09-13 7:21 AM

Right Dyingov.

Forcing daGOV to live within it means!!

What a CONCEPT!

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daWraith

Oct-09-13 7:27 AM

(Apologies to Bobby “Boris” Pickett, the Monster Mash)

I was walking past the White House late one night

When my eyes beheld an eerie sight!

Up from the ground arose a ghost looking like Obama!

He said GIMME yo’ MONEY, boy ‘cuz I is YO MOMMA!

(Chorus)

He wants my Cash! He wants the MONSTER CASH!

He wants my cash! It will be GONE in a FLASH!

He wants my Cash! He’ll turn the country into TRASH!

He wants my Cash! He wants the MONSTER cash!

(Do-wah doo do wah DOOOO!)

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LogHog

Oct-09-13 7:28 AM

Ragnar. You have stated the facts exactly as they are. But then, most can't handle the truth.

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daWraith

Oct-09-13 7:31 AM

AN aside, but looking at that picture, how did that guy park a motorcycle with saddlebags that COULD have been full of C4 in front that gov building???

Was Homeland Security taking a potty break?

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SpankysLastDance

Oct-09-13 7:34 AM

Friend of mine called me yesterday. She lives with a major debilitating illness. She's a retired state employee from the North East. She receives a small pension from her former employer.She hobbles and drags her body to a job at a Goodwill store everyday. She refuses to take a government handout.She pays 55 dollars a month towards her health insurance. Blue Cross/Shield sent her a letter informing her that her rates were going up. Her new rate was to 735 a month. She called them to try and work out a deal. The best they could do is 685. She swears she'll never vote Democrat again. She will be one of many with no health insurance. Democrats sux. Her words not mine.

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dyingov

Oct-09-13 7:39 AM

1964 the US debt was 311 billion and median household income was $30,000. In 2013 the US debt is 16.5 trillion (16,500 billions) dollars and median household income is $49,500.

Debt ratio is EXTREME!!!!

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daWraith

Oct-09-13 7:43 AM

Spanky, I'm sure wonderwhy can give us the name of HER insurance who is cutting their rates . . . .

Also I saw a pig flying first class on a 737 the other day too.

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daWraith

Oct-09-13 7:45 AM

Oh_Bama, where are't thou???

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thetruthforonce

Oct-09-13 8:11 AM

It's simple. Let them (House members) vote on the issue. Clean CR or not. Why are the Repubs so afraid of that? Isn't that what democracy is all about? Don't we govern on the principle of majority rule? Guess not if you're John Boner.

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acousticportal

Oct-09-13 8:21 AM

Fear and Nothingness: Today's GOP.

100 years from now when students are reading about government, they'll ask, "what happened to the republican party?" Teacher - "they nothinged themselves out of existence. You see kids, that party was full of people who believed more in war, prejudice, money, and self, than the betterment of America, and therefore, it finally perished an impotent, cancer to America."

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GETACLUE

Oct-09-13 8:42 AM

Is it just me or have Republicans changed their rational for shutting down the government more times than Boy George Bush changed his rational for invading Iraq?

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daWraith

Oct-09-13 9:07 AM

Debt for Dummies 101

1) US debt has $17 trillion, MORE than the GDP of the country

2) Obamacare WHEN PASSED was NOT SUPPOSED to INCREASE the debt at all

3) NOW it will increase debt about $2.2 TRILLION

4) Why NOT postpone it while discussion the real costs of a bill that was passed under fraud??

The GOP has already passed debt ceiling limit increase.

WTF is the Dummorat problem? Not the GOP holding it up.

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anutterview

Oct-09-13 9:08 AM

Yes clueless, its just you.

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