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View Diary: Where You Are Absolutely Free To Be A Gay Married Pot Smoking Debt Slave (20 comments)

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  •  And motherfuckers (1+ / 0-)
    Recommended by:
    bink

    am I sick of CNN and the non-liberal MSNBC line-up at this point.

    The GOP has gotten one gift after another on the "both sides do it" shit.

    Even a suicide bombing of this magnitude isn't big or bad enough to make that fucking record skip.

    I am a Loco-Foco. I am from the Elizabeth Warren wing of the Democratic Party.

    by LeftHandedMan on Wed Oct 09, 2013 at 08:22:39 AM PDT

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    •  I do not think a debt ceiling increase will be (1+ / 0-)
      Recommended by:
      LeftHandedMan

      passed, but I do not think President Obama will allow an actual default on Treasury Securities.

      "let's talk about that"

      by VClib on Wed Oct 09, 2013 at 08:58:09 AM PDT

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      •  I hope that is the case (1+ / 0-)
        Recommended by:
        Tonedevil

        but, and I mean no insult or attack on Obama when I say this, I don't see the Obama who boldly mints the great big coins or goes the novel, and perhaps historic precedent setting 14th Amendment route move, based on how he has governed.

        I think he is really worried about his acts, post move, being undone by the courts or being treated as if the post-move acts are not sound investments. I think the courts declaring his much less adventurous move to recess appoint folks being undone and leaving him with a mess after the fact made a real negative impression on him in terms of taking a novel approach (as far as the beltway is concerned) that gets undone by the Scalito gang later.

        My fingers are crossed there is a way.

        I am a Loco-Foco. I am from the Elizabeth Warren wing of the Democratic Party.

        by LeftHandedMan on Wed Oct 09, 2013 at 10:43:44 PM PDT

        [ Parent ]

        •  You don't need to raise the debt limit to (0+ / 0-)

          redeem maturing securities. Those can be rolled over without a debt limit increase. The only issue is paying the interest on the Treasury notes and bonds. There is plenty of cash flow to pay the interest and I think prioritizing interest payments is constitutionally defensible, certainly more so than big coins or unilaterally raising the debt limit.

          "let's talk about that"

          by VClib on Wed Oct 09, 2013 at 11:31:35 PM PDT

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