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View Diary: AP [and Bloomberg News]: It's Just a New Ransom Note (131 comments)

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  •  Even if Obama raises the debt ceiling, (5+ / 0-)
    Recommended by:
    ER Doc, denig, sharman, earicicle, a2nite

    there will be an economic meltdown because people wil demand a premium for government bonds because they will be buying into a lawsuit.  

    There is no way out.  Give in to extortion or suffer an economic debacle.   Since we are not giving in, there are two options: surrender or execute the Ameircan economy.

     

    Join us on the Black Kos front porch to review news and views written from a black pov—everyone is welcome.

    by TomP on Fri Oct 11, 2013 at 10:10:02 AM PDT

    [ Parent ]

    •  These are Congresscritters. (4+ / 0-)
      Recommended by:
      chuckvw, TomP, flycaster, Minnesota Deb

      THEY authorized all of the spending they have now decided they don't want to spend. THAT is what requires the debt limit to go up - so the allotted funds can be allotted. Debt service is not our biggest budget item or drain on the economy, but it's non-negotiable per paying. Full faith and credit, on both levels is The Law. The Republican House is in violation.

      This is an engineered 'crisis' that's more Kabuki than real crisis if it weren't hurting so many people directly. And threatening to hurt millions more. If Obama gives in to these demands we may as well aknowledge the Kabuki for what it is - our own government staging a catastrophic coup against itself, mostly for show (and distraction).

      WE are the ones who get to do the suffering, not them or their puppetmasters. They don't care about us.

    •  But the spice will still flow (0+ / 0-)

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