Comments on: Default and consequences http://blogs.reuters.com/david-cay-johnston/2011/07/29/default-and-consequences/ Sat, 23 Mar 2013 13:49:31 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: coyotle http://blogs.reuters.com/david-cay-johnston/2011/07/29/default-and-consequences/#comment-69 Sun, 31 Jul 2011 22:39:14 +0000 http://blogs.reuters.com/david-cay-johnston/?p=22#comment-69 U.S. default would require the U.S. government to raise taxes on everyone. All sides would blame each other claiming they had no choice.

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By: HankPannell http://blogs.reuters.com/david-cay-johnston/2011/07/29/default-and-consequences/#comment-68 Sun, 31 Jul 2011 18:27:11 +0000 http://blogs.reuters.com/david-cay-johnston/?p=22#comment-68 People should know by now that ELECTIONS have Consequences. A Default is due to the lack of Positive leadership as a result of those elections! The United States is in grave danger from the ENEMY WITH-IN!!!America has one more chance to regain their Pride and respect as a Nation. What America needs is Eight Years of Right Wing Christian Conservative government to erase Sixty years of misleading Promises!

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By: Lndnrose http://blogs.reuters.com/david-cay-johnston/2011/07/29/default-and-consequences/#comment-66 Sat, 30 Jul 2011 22:27:45 +0000 http://blogs.reuters.com/david-cay-johnston/?p=22#comment-66 14th Amendment, ratified in 1868, to make sure freed slaves received due process of law. “The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. There. Obama does not have the gall or right to change this. If Congress cannot get it together, here’s an easy solution. Either cut their pay in half for one year, and remove ALL bonuses that will help the US debt, or, fire them. We voted them there, we can vote them out. The seniors f this once great country need their Social Security and other Govt. annuities to live on. No jobs.

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By: leblanc64 http://blogs.reuters.com/david-cay-johnston/2011/07/29/default-and-consequences/#comment-65 Sat, 30 Jul 2011 19:48:17 +0000 http://blogs.reuters.com/david-cay-johnston/?p=22#comment-65 Come on… please stop it with the “tax the rich” battle cry. I’m in the middle and my rich friends just laugh all the way to the bank as us middle class working stiffs collecting a regular paycheck have no tax loop holes to fall back on and we wind up footing the bill. I’m so tired of the empty cries of how we have to help strengthen the middle class when the left panders to the social welfare special interests and the right panders to corporate America. It’s about time we realize that the middle are the ONLY ones who always pay and we need to simplify the tax code so that EVERYONE pays their fair share and stop the frivolous spending.

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By: miscparty http://blogs.reuters.com/david-cay-johnston/2011/07/29/default-and-consequences/#comment-64 Sat, 30 Jul 2011 14:18:56 +0000 http://blogs.reuters.com/david-cay-johnston/?p=22#comment-64 Obama has no need to compromise and will pull admendment 14th to look like a hero. Democrats will, again, look like his seat cushion. Republicans will, again, look like duds. US rating down grade chance: 90%. Stock drop: 80%.

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By: Acetracy http://blogs.reuters.com/david-cay-johnston/2011/07/29/default-and-consequences/#comment-63 Sat, 30 Jul 2011 13:00:48 +0000 http://blogs.reuters.com/david-cay-johnston/?p=22#comment-63 It has become very, very clear to all my Republican friends that the fringe element (mostly led by the Koch brothers) are controlling the agenda here. It isn’t about a balanced budget, the agenda is control of Congress and the Whitehouse after 2012.

Republicans, including Boehner, voted 7 times under Bush2 to raise the debt ceiling even when their tax cuts were causing growing deficits. Bush2 increased Federal payrolls more than any president since FDR. It was also the first time in America history that Congress started a war with the necessary funding. (and we start 2 wars).

I do not absolve Obama here at all and the Democrat leadership. In early 2009 when they had majorities in both Houses, they should have redone the tax system immediately to pay for the stimulus and rectify the damage to the middle class. Health care is great, however taxes should have take first place over that.

The parallel to France under the Bourbon kinds and the USA today is very, very uncanny. French nobility refused to be taxed and passed bread taxes to pay for their wars. With the growing poverty and suffering, the system become more and more dysfunctional leading to the French revolution. The Tea Party Republicans and Blue Dog Democrats are leading us down that same path.

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By: Mauriedee http://blogs.reuters.com/david-cay-johnston/2011/07/29/default-and-consequences/#comment-62 Sat, 30 Jul 2011 11:56:28 +0000 http://blogs.reuters.com/david-cay-johnston/?p=22#comment-62 The Democrats have NO plan. There is Reid’s “plan” which lists all the monies to be saved from abandoning the wars. It has no real cuts because the Dems clearly want to keep on spending money we don’t have.

We are sick of the pointless spending. The Stimulus was an utter failure and Obamacare as written will be as well.

Where’s the plan Democrats?

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By: loiters21 http://blogs.reuters.com/david-cay-johnston/2011/07/29/default-and-consequences/#comment-61 Sat, 30 Jul 2011 11:37:09 +0000 http://blogs.reuters.com/david-cay-johnston/?p=22#comment-61 Getplaning got it right:”The Titanic had enough lifeboats for the First Class passengers, and the analogy applies to today’s American economy. That’s why the Republican Tea Party is willing to crash the economy on purpose to get what they want”.I want to add that even if the US economy crashes the Frugalists like Boehner, Mcconnell and cohorts
will do fine because of the way GW BUSH and co left this country. No one has spoken about the wars that are draining this economy. They the rabid Republicans want social security, medicare and medicaid to pick up the slack.
Only idiots will vote for these people once again

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By: GetpIaning http://blogs.reuters.com/david-cay-johnston/2011/07/29/default-and-consequences/#comment-60 Fri, 29 Jul 2011 23:14:48 +0000 http://blogs.reuters.com/david-cay-johnston/?p=22#comment-60 The Titanic had enough lifeboats for the First Class passengers, and the analogy applies to today’s American economy. That’s why the Republican Tea Party is willing to crash the economy on purpose to get what they want.

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By: tdscreener http://blogs.reuters.com/david-cay-johnston/2011/07/29/default-and-consequences/#comment-59 Fri, 29 Jul 2011 20:35:32 +0000 http://blogs.reuters.com/david-cay-johnston/?p=22#comment-59 Regarding prioritizing payments, better damn well hope there’s no forest fires, hurricanes, floods or terrorist attacks this summer, because the federal government would have been gutted to the bone…..I would also add Oil spills in there, because the tea party would have successfully gutted the government regulations….

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