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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsOn Morning Schmoe some woman is saying defaulting on debt no big deal
She said basically it would be just fine because all we would have to do is pay the interest on the debt and the military, and nothing else. Said it would actually be a good thing because it would force us to balance the budget overnight.
Is this the new GOP talking point? Are they planning on NOT raising the debt ceiling now? Sure sounds like it to me.
She said you could tell it would not be catastrophic because the bond markets are still fine.
Jeez I really think that is their plan at this point.
ananda
(28,758 posts)..
Mopar151
(9,954 posts)They think......
TxDemChem
(1,918 posts)She must have shitty credit with that sort of thinking
DonViejo
(60,536 posts)someone on the street, a dog catcher? Surely she has an identity other than "some woman!"
LiberalLoner
(9,760 posts)So alarmed that this might be the new GOP talking point of the day, I rushed here to post.
LiberalLoner
(9,760 posts)maddezmom
(135,060 posts)LiberalLoner
(9,760 posts)maddezmom
(135,060 posts)LiberalLoner
(9,760 posts)CTyankee
(63,708 posts)my guess is that she is a Wall St. commentator.
She sure is , er, "colorful" and I presume that's why she's on the show. Mika looks a little stunned.
alcibiades_mystery
(36,437 posts)So, yeah, g'luck with that.
randome
(34,845 posts)[hr][font color="blue"][center]Stop looking for heroes. BE one.[/center][/font][hr]
B Calm
(28,762 posts)Barack_America
(28,876 posts)Which we wouldn't even be able to do if the debt ceiling isn't raised.
OmahaBlueDog
(10,000 posts)"The public will turn on them, and they'll all of a sudden have a counter revelation," he predictedadding that Washington "will go right up to the point of extreme idiocy" but won't cross it.
Buffett did provide a glimmer of hope if the Oct. 17 debt limit deadline is breached. "If it goes one second beyond the debt limit, that will not do us in. If it goes a year beyond that would be unbelievable."
So basically, he's saying if we hit default day with no deal, it'd be OK if we can reach a deal quickly. OTOH, if no deal is reached, default would be catastrophic.
abelenkpe
(9,933 posts)If the US actually defaults it will send the entire global economy into a tailspin. Everyone will suffer.