Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTop Conservative: There Will Be No Major Economic Consequences To Shutdown Or Default
ST CHARLES, Missouri The Chairman of the one of the most influential right-wing organizations in the country suggested thered be no serious economic harm done by a government shutdown or failure to raise the debt ceiling despite a consensus among economists to the contrary.
Al Cardenas heads up the American Conservative Union (ACU), which hosts the annual Conservative Political Action Conference (CPAC) and produces an influential system for rating members of Congress ideological purity.
Cardenas expressed support for Sens. Mike Lee (R-UT) and Ted Cruz (R-TX)s campaign to defund Obamacare, even at expense of shutting down the government or failing to raise the debt ceiling. ThinkProgress asked Cardenas what the costs of this strategy might be, and he suggested theyd be non-existent:
BEAUCHAMP: What would the consequences be either, first, of shutting down the government or, second, of potentially defaulting on the U.S. debt during the Obamacare fight?
CARDENAS: Well lets make sure we keep this in historical perspective. We have shut down the government 17 times in the last 50 years. It sounds like its a radical idea and its the first time were contemplating it. Its actually happened 17 times in America and nobodys ever spoken about it in such radical terms as Democrats are. [...] If you hit the mark on October 1st, that doesnt mean government shuts down. Usually you can pay all the bills for 12 or 13 more days. The only time you go into default is if you dont pay the interest which is about $18 billion a month. Weve got plenty of money to pay that. [...]
BEAUCHAMP: So you dont believe thered be any major economic consequences for a government shutdown or a default?
CARDENAS: Im convinced there wont be.
More at ThinkProgress
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
4 replies, 1372 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (0)
ReplyReply to this post
4 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Top Conservative: There Will Be No Major Economic Consequences To Shutdown Or Default (Original Post)
Katashi_itto
Sep 2013
OP
Warpy
(111,261 posts)1. Thus showing he is the most ignorant and delusional man in the country
What an idiot. And other idiots listen to his bloviating.
Blue Idaho
(5,049 posts)2. Said the nice man whistling past the graveyard.
Unfortunately history does not agree.
Wolf Frankula
(3,600 posts)3. He Means There Will Be No Economic Consequences For Him, Personally
In my experience, these CONservative assholes care about themselves only.
Wolf
madrchsod
(58,162 posts)4. another brain dead republican....