Fund Your Utopia Without Me.™

15 October 2013

WaPo: Americans Not Too Worried About Debt Ceiling Lapse

Clown Carney calls them 'Debt Deniers.'  So cute.  If only he had thought about that line during the lead up to catastrophic sequester.  'SequesterSquatch Deniers!!!'  Oh noes!

Anyhoo, I am so tired of Washington constantly crying wolf. The latest is default hysteria.

If you make your minimum payment on your credit card, do you default?

The Feds take in ~$250 billion per month.

The debt service is ~$25 billion each month.

The ONLY reason the US would default is if Obama directed the Treasury not to make the debt service payment.

WAKE UP! This is the same sort of HennyPennyism that Paulson used to get us to bailout the banks.

As for the IMF, don’t get suckered in by this organisation. It is all about higher taxes, from which - quite conveniently - its head cheerleader, Christine Lagarde, is exempted from paying.

Her salary of $467,940 (£298,675) a year plus $83,760 additional allowance a year is not subject to any taxes.

Obama & ChuckYou Schumer, hardest hit.

'We don’t know when the markets will react to this,.  You can’t say no sooner than next Thursday. I worry on Monday that when the American markets open, maybe because of this vote, that they will start worrying. Then not only will the stock market go down, but the interest rates will go up, and the value of U.S. Treasuries decline. It’s very serious. It would have been a whole lot better if we had just put this aside and a 100-0 vote to pay our bill. That didn’t happen.'

- Senator ChuckYou Schumer, 13 October 2013

BTW, Schumer is trying to do exactly what he did with IndyMac two months before the financial meltdown in 2008 – and only months before the election.

How Chuck Schumer Caused the Second Largest Bank Failure in US History

Dick Gephardt once said:

'For every 100 drop in the stock market, we pick up a House seat.'

‘Cuz, like, um, ya know, Democrats would nevah, evah try to purposefully cause financial destruction. /

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