Quote:
Originally Posted by TorpX
You couldn't be more wrong.
First off, going past the deadline will not bring about a default. The Gov't has all the money coming in from taxes every month. Only if Obama spends that on other things AND refuses to pay the interest due, will there be a default. (He is legally obligated to pay the debt, before other expenses.)
A default would be bad, but an out of control despot who just spends the nation into oblivion without the consent of the people, would be worse. Better to default on the debt, than default on the Constitution.
If there are doubts about paying the debt now, how is taking on more debt helpful? Refusing to make substantial cuts in spending adds to doubts about the US economy, at home and abroad. For congress to simply kick the can down the road and agree to postpone any remedy for someone else to deal with, would be criminally irresponsible.
The right thing is for the Republicans to insist that spending cuts (real ones!) be made. Obama is unwilling to accept this. For decades, the debt limit has been raised and paying it has been put off for later. That is why we are in the present situation. Anyone who thinks that there should be some pretty compromise to sweep the dirt under the rug, doesn't understand the problem, or doesn't really want to solve it.
This is nonsense. If you don't have the deciding vote, there is no reason to be "allowed" to have the deciding vote. Democracy doesn't work that way. The Constitution requires budgets to begin in the house. Saying the Dems should have the deciding vote because you like them or because Obama is the President, is to advocate dictatorship or mob rule. This is not in the Constitution and hardly "legitimate". Buy the way, the Dems have not passed a budget through the Senate in two years. The last Obama proposed budget, could not even get Democrat support. The crysis is entirely of his making. He wants to play games, where he proposes cuts ten years in the future and he gets tax increases to spend now. This would be nothing more than a fictional solution, a mirage, worse than nothing. If he refuses to deal with the matter in a serious way, the congress is under no obligation to humor him.
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thank you, i thought that was interesting. if i understand you correctly, then you are saying that my appraisal of the risk of default and balance of power is wrong.
in your opinion there is no risk of default and the dems ultimately have the weaker hand. all the repubs have to do is hold their ground and the dems will have to fold since the debt obligation must be paid first.
tbh, my main concern is the risk of default, not who , repub or dem, gets the better deal.