Who wants to see the US default?

[Martin]

See Poll

 

[fantolay]

bring the default baby

 

[QuantumPion]

Yet another strawman debt default topic. I like how you cleverly avoid adding an option for "the government won't default".

The only way the government would default is if Obama himself personally orders the treasury to not pay the interest payments.

 

[theeedude]

Wouldn't mind a government shutdown. Gives some people a taste of what the small government they are supporting looks like.

 

[RbSX]

I want to see the US default because maybe people will get their collective shit together. The problem though, is that a default will probably mean the dissolution of America as we know it.

I will literally pay to see the fucking look on Boehner's face if the USA defaults. Hey bud, I hope your fast and loose ideology was worth it! I'm even fairly right leaning but his suggestions are unconscionable.

 

[Wordplay]

I want to see all the funny things Colbert and Stewart come up with.

 

[a777pilot]

Wouldn't mind a government shutdown. Gives some people a taste of what the small government they are supporting looks like.

Us usual a Liberal has got it wrong.

 

[Fern]

Who wants to see the US default?

Won't happen, not a chance.

Fern

 

[RbSX]

Won't happen, not a chance.

Fern

I agree, I don't think the government will default, but the credit rating will still get downgraded.

 

[woolfe9999]

Yet another strawman debt default topic. I like how you cleverly avoid adding an option for "the government won't default".

The only way the government would default is if Obama himself personally orders the treasury to not pay the interest payments.

The poll isn't asking what people think will happen or what is likely to happen, but rather what people want to see happen. Accordingly, it is not a straw man.

 

[theeedude]

Us usual a Liberal has got it wrong.

With no additional borrowing, we'll see exactly what a balanced budget in the middle of a recession looks like. Try before you buy for cut, cap, and balance. I am sure economy will begin a miraculous recovery as rightwingers predict

 

[ProfJohn]

Obama is already telling the banks that we won't default...

 

[hal2kilo]

This is an unnecessary crisis brought on by the new Know Nothing Teabaggers forcing the debt limit to be linked with fixing the budget. They are distinctily two different legislative functions. No, I don't want the good credit of this country destroyed. I would hope Obama invokes the 14th amemdment but they seem to think it's unconstitutional to pay for bills already spent by legislation.

 

[woolfe9999]

This thread isn't about predictions of what will happen but rather what people want to see happen, but since the thread is straying down this road, I will say that I do not believe we will default. However, that is not the real issue here. We don't have to technically default to have our bond rating downgraded and face the consequences of that. Anyone who thinks we are not facing a very serious possible crisis in the near term from this mess is sticking his head in the sand.

 

[manimal]

Won't happen, not a chance.

Fern

The big kids at the table are playing a childish game. Big business will prevent any damage to the overall economy. With all the money they have invested in ALL politicians their influence will win out in the end.


The only wrench so far has been the Tea party who willingly have become the pawns they were destined to be.

 

[manimal]

This is an unnecessary crisis brought on by the new Know Nothing Teabaggers forcing the debt limit to be linked with fixing the budget. They are distinctily two different legislative functions. No, I don't want the good credit of this country destroyed. I would hope Obama invokes the 14th amemdment but they seem to think it's unconstitutional to pay for bills already spent by legislation.

Well said

 

[ElFenix]

This is an unnecessary crisis brought on by the new Know Nothing Teabaggers forcing the debt limit to be linked with fixing the budget. They are distinctily two different legislative functions. No, I don't want the good credit of this country destroyed. I would hope Obama invokes the 14th amemdment but they seem to think it's unconstitutional to pay for bills already spent by legislation.

has any credible constitutional scholar written an opinion whereby the president can unilaterally order treasury to break the debt limit using the 14th amendment as a backstop? last i'd heard obama didn't consider that a good legal argument.

 

[PokerGuy]

Something needs to be done to slow down out of control spending. Heck, cutting spending is not even a realistic option, the best we can hope for it so slow the growth of wasteful spending.

If a debt ceiling "crisis" is what is needed to accomplish some sort of reform, then so be it.

 

[PokerGuy]

has any credible constitutional scholar written an opinion whereby the president can unilaterally order treasury to break the debt limit using the 14th amendment as a backstop? last i'd heard obama didn't consider that a good legal argument.

It's laughable, nothing but a pipe dream by the looney left fringe, and obummer knows it.

 

[GuitarDaddy]

No I don't want this country to default or lose our triple A rating.

But things aren't looking good. With the teabaggers hollering "it ain't dee's fault, that kenyan has plenty o money in his desk drawer", and Alfred E. Boehner saying "What me default? " and the fat lady doing vocal warmups in the hallway. Not looking good at all

 

[Pens1566]

Don't want. Not worried about it. More worried about the credit downgrade.

 

[MomentsofSanity]

has any credible constitutional scholar written an opinion whereby the president can unilaterally order treasury to break the debt limit using the 14th amendment as a backstop? last i'd heard obama didn't consider that a good legal argument.

It's untested and unclear. I don't think the administration would want to test it at this point.

I don't want to see default and another day of big losses in the market like today or greater will end this fast, much like the bailout matter.

 

[brencat]

Don't want to see a default. And I don't believe we are going to default.

But if we don't get our spending under control, we are most certainly going to see a downgrade, either imminent (if we keep playing he said she said and actually test the Aug 2 deadline) or soon (if we kick the can).

There is no appetite at all for taxes. And like another poster said in a related thread, the only way the corporatist Dems (most of them) will vote for tax hikes is if they can get Repubs to go along with it too for cover. But if we can't get the right kind of tax hikes in my opinion (i.e. cap gains taxes hiked to 25-28%, a higher threshold for earned income of $650-750k (not $250k), carried interest repealed, etc.), then I would prefer no tax hikes or rollbacks. Doing 'something' could be just as bad as doing nothing if it's the wrong thing.

 

[theeedude]

Just let the Bush Tax cuts expire. Extend payroll tax holiday to offset middle class impact.

 

[QuantumPion]

This is an unnecessary crisis brought on by the new Know Nothing Teabaggers forcing the debt limit to be linked with fixing the budget. They are distinctily two different legislative functions. No, I don't want the good credit of this country destroyed. I would hope Obama invokes the 14th amemdment but they seem to think it's unconstitutional to pay for bills already spent by legislation.

So you think raising the debt ceiling to $17 trillion dollars with no spending cuts will be just fine and dandy to the world, but keeping the debt ceiling fixed while we sort out our budget, that will destroy our credit rating. K.