RE: Federal Government Shutdown
October 14, 2013 at 2:46 pm
(This post was last modified: October 14, 2013 at 2:48 pm by festive1.)
(October 14, 2013 at 11:27 am)Rev. Rye Wrote:(October 14, 2013 at 10:57 am)festive1 Wrote: So... Are we going to default?I really think that's the plan. Shut down the government, cause it to default on its debts, blame Obama, and pray it doesn't backfire on them (which it almost certainly will; people are already blaming them for it and it's not even happened yet.)
I think that was the plan from day 1. I'm waiting for the default to cause global economic chaos and the Tea-Party responds by saying, "See! Look what Obamacare did!!"
Thoughts?
http://www.washingtonpost.com/blogs/the-...oll-finds/
At least the majority is putting the blame where it's due. Especially independents which is where it counts come election time. The big question is whether or not we'll remember this in a year...
Even China has chimed in on the default, granted they hold a lot of our debt and would be disproportionately screwed. But a default would be disastrous to the global economy, not just our own.
Can this just stop now?
(October 14, 2013 at 11:39 am)Psykhronic Wrote: My understanding is there is an argument over when the default will occur, as in there is no defined date (although it'd be within about a month no matter what it seems). At this rate though it seems inevitable.
But if we don't do something by the 17th, there will be a pronounced negative effect starting that day, simply from the anticipation of the US not paying the bills, which wouldn't happen until November 1st, I believe.