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View Diary: Conrad Working to Cut Social Security/Medicare and Could End up Torpedoing HCR (327 comments)

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  •  it means (1+ / 0-)
    Recommended by:
    J M F

    the US government can't pay the interest on the debt it issued under its full faith and credit. this will screw the bond holders, and severaly damage the government's ability to borrow in the future. assuming the crisis is over quickly and the scheduled payments are made, furuter borrowing costs will go up because buyers will demand a risk premium.

    •  Or do like Argentina eventually did and (0+ / 0-)

      tell everybody to stuff it. Then re-invent the currency.

      •  How well did that turn out for the powers that be (2+ / 0-)
        Recommended by:
        mwm341, J M F

        I seem to recall a couple of coups in there and considerable violence.  Hey if that's what these bastards want to see they may find they got more than they bargained for.  One difference about America compared to the rest of the world ... lots of guns ...

        No more Blue Dogs -- join PCCC.

        by noofsh on Thu Nov 12, 2009 at 10:58:21 AM PST

        [ Parent ]

    •  And this means what, exactly? (1+ / 0-)
      Recommended by:

      For the general public?

      And why can't we use this to say something like "Well, if you make us default, we won't be able to afford to keep ANY troops in Iraq or Afghanistan."- That alone should get us enough Republican votes to raise the debt limit and tell these morons to go pound sand.

      Freedom of speech does not mean the freedom to lie without consequence; unless, apparently if you're a right wing talk-radio host.

      by Whimsical on Thu Nov 12, 2009 at 11:08:00 AM PST

      [ Parent ]

    •  why not just print more money...and dont (0+ / 0-)

      tell them.   Just quietly pay them all off.  It isnt connected to Fort Know anymore.

      2010--VOTE for JOE SESTAK to replace Specter / 2010--VOTE for CALLAHAN to replace Charlie long Charlie, only the best get to represent Pa.

      by ROADRUNNER DEM on Thu Nov 12, 2009 at 11:37:17 AM PST

      [ Parent ]

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