Here Is Why The GOP Will Default. It Will Kill The Economy For Years To Come

[TheMastersNemesis]

Alan Grayson on Ed Schultz. The reason the GOP is determined to default on the debt limit is that it will cause a rise in interest rates on our borrowing. According to Grayson such a rise now will take "all the revenue" we could generate just to pay the bond holders. There would be no money except for very limited government. Everything would have to go.

My take is that there might only be enough money left for "security" operations in the country. There would be no money left for domestic programs of any kind.

[Mike Nelson]

1. They hope to get the country in worse shape than Bush...

...so they can get a Republican President elected.

[LordGlenconner]

4. Wish in one hand, shit in the other

See which one fills up first.

That party is fucked seven ways to Sunday when it comes to presidential elections in the near and probably distant future. Even before this meltdown the geography was not lining up well for them. The only region of the country they own is the old south and plains states. They lose big everywhere else.

Michael Steele laid it out nicely on Hardballs last night: Immigration, voter rights, the way women view the party are going to be working against them for years to come because of their messaging and choices they've made legislatively.

[srican69]

2. they dare not .. the bond market is about 3 times the size as the equity market ( stocks) and

rising interest rates will be disastrous for bond values ..

and guess who owns bonds -- the rich people ( and pension funds) ..

Republicans will have their balls put through the wringer by their masters if they try that stunt

[City Lights]

3. I'll say it again: Republicanism is a mental illness.

They should seek treatment.

[ladjf]

8. I believe that you are absolutely correct and I assume that you literally mean that they are sick

people.

[City Lights]

9. Yes, that's exactly what I mean.

[ladjf]

10. I'm a senior citizen and for years I've been noticing the psychiatric and philosophical trends of

many people moving in the direction of what we are referring to as "Republicanism".

I believe that they are promoting practices that cannot succeed over a long period of time.

[go west young man]

11. There's data out there to back it up.

They are the really the crazies and shouldn't be in charge of anything.
http://www.psychologytoday.com/blog/extreme-fear/201105/right-wingers-and-the-reptile-brain
http://www.psychologytoday.com/blog/lifelines/201303/the-mind-conservative
http://www.psychologytoday.com/blog/millennial-media/201304/do-racism-conservatism-and-low-iq-go-hand-in-hand
http://pss.sagepub.com/content/23/2/187
http://www.livescience.com/18132-intelligence-social-conservatism-racism.html
http://www.ted.com/talks/jonathan_haidt_on_the_moral_mind.html

[ladjf]

18. Thanks for sharing your research with me. nt

[bullwinkle428]

5. A guy on NPR Marketplace this morning made the same point - it's the

classic "make it small enough that it can be drowned in a bathtub" Norquist-ism, and it may very well come to pass if they get their way on the debt ceiling.

[johnd83]

6. The 1% would lose a TON of money if this came to pass

I wouldn't bet on it, but the theory is terrifying.

[2naSalit]

7. The point is

"...to shrink government to a size that it can be drowned in a bathtub." For all the reasons mentioned above and much more. The intent being to destroy our system of government from the inside since it can't be done from the outside.

The insurrectionists in our halls of government need to be run off in a hurry and banned from having any power of any kind. If we have to nationalize the banking institutions and the oil companies and anything else that can be used to create this kind of chaos again, then that's what we need to do. Not sure what the answers are but I do know that something of this sort is probably included.

We didn't have a lot of these problems when we had public works that were a collective owned by the public... privatization will end freedom as we know it... the "ownership society" thing is not healthy or safe, could lead to slavery eventually (we're almost there is so many ways already).

Something needs to be done and so far, that "something" has not been attempted yet.

It's either fairness or we'll have nothing at all except fascist rule.

And we need to make up our collective mind and act soon. This catastrophuck has been in the works for decades now and we have been snookered into the distracted mode by all those toys that now track us and lead us around by the nose by establishing a group-think scenario of dangerous proportions...

Makes me wonder if it's too late or not.

[Nuclear Unicorn]

12. You kids and your silly campfire ghost stories.

[ladjf]

19. Good post! nt

[a kennedy]

13. What the hell is wrong with these people.....

I weep for my country......such heartless bastards and bitches, hope I can say that.

[B Calm]

14. As far as I'm concerned, they are traitors!

[Dreamer Tatum]

15. "Default on the debt limit" is a nonsense phrase. nt

[kelliekat44]

16. Just print more money then and let them eat s*it. They will keep on until it won't be safe for them

to go to their offices. Desperate people do desperate things.

[roamer65]

17. The Federal Reserve will not allow a default.

They will monetize every piece of Treasury paper that hits the market if we "default", until the panic stops.

That is their job and they WILL do it.

[lonestarnot]

20. We simply cannot let them destroy democracy. I feel a bad moon rising. Is the green dot red yet?