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cali

(114,904 posts)

2. yes, they'd go somewhere and yes, spineless blob of orange

Reply to dballance (Original post)

Tue Oct 15, 2013, 06:09 AM

Oct 2013

would allow it.

yes, it would be a gift to dems but it would be awful for the country.

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So Lets Say Obama Ignores the Debt Ceiling Come Thursday [View all] dballance Oct 2013 OP

It wouldn't avert a crisis, however. Gore1FL Oct 2013 #1

+1. n/t Laelth Oct 2013 #3

we have to have a deal before default arrives, I agree steve2470 Oct 2013 #4

Good Point. /nt dballance Oct 2013 #5

I see your point. However, in the long run it may strengthen our bonds and credit rating, if pampango Oct 2013 #13

I'd rather them eliminate the debt ceiling altogether after a sweeping 2014 election. Gore1FL Oct 2013 #19

That would put us back where we were in 1917. Igel Oct 2013 #35

that's the whole point. grantcart Oct 2013 #29

yes, they'd go somewhere and yes, spineless blob of orange cali Oct 2013 #2

Any bonds Obama unilaterally issued would be worthless. Nuclear Unicorn Oct 2013 #6

Obama wouldn't be issuing the bonds, Treasury would. dballance Oct 2013 #9

Only congress can encumber new debt and that hasn't happened since we have neither a budget or CR Nuclear Unicorn Oct 2013 #11

While the legal battle wages karadax Oct 2013 #14

I still think raising the debt limit should not be decided by the people who spent the money, it B Calm Oct 2013 #7

I agree, the old 1917 law has to be revised or repealed steve2470 Oct 2013 #8

I believe when that law was passed this sort of situation was never envisioned. dballance Oct 2013 #10

Denmark is the only other Democracy that has a debt ceiling. RC Oct 2013 #12

Congress hasn't even approved the spending. Yo_Mama Oct 2013 #16

Moot, huh? RC Oct 2013 #17

Because Congress hasn't approved the spending and Congress hasn't approved the debt limit increase Yo_Mama Oct 2013 #18

Maybe you ought to re-read my post again. RC Oct 2013 #20

Actually, no. BellaKos Oct 2013 #27

It hasn't, we still don't have a continuing resolution much less a budget Yo_Mama Oct 2013 #31

It's technical. BellaKos Oct 2013 #32

Mr. Market doesn't want those bonds Yo_Mama Oct 2013 #15

Yesterday Thom Hartmann said that the Feds could just forgive some of the debt klyon Oct 2013 #21

Mr. President order the fed to end this now. klyon Oct 2013 #22

It's better if it is ended legislatively. Gore1FL Oct 2013 #23

Legally the fed can do it, they do it all the time. klyon Oct 2013 #24

The long game dictates that Obama hold firm, honor debts and let impeachment drive the midterms. mattclearing Oct 2013 #25

It would cause a THIRD crisis warrenswil Oct 2013 #26

If the President doesn't do anything extraordinary, BellaKos Oct 2013 #28

Obama won't commit an impeachable offense. He will go through the Supreme Court berni_mccoy Oct 2013 #30

Let me ask you this Savannahmann Oct 2013 #33

Obama said that is something he will not do Lifelong Dem Oct 2013 #34

any extracurricular involvement AT ALL breaks the system tillikum Oct 2013 #36