07-25-2011, 07:55 AM
The D's didn't start this rhetoric until after the R's started blocking the process and not acting in good faith. This kind of thing is otherwise routine because it's been done many times... Because it's kind of necessary to keep our economy running smoothly.
As a final note on the rhetoric: if you're going to view the D's as guilty of painting themselves into a corner with their words, it's really not fair of you to ignore the R's that are saying that defaulting - not just hitting Aug 2nd (which isn't auto-default), but actually defaulting - wouldn't hurt us/would be good for us.
It's true that we can reorganize things and prioritize payments to keep basic shit in the Treasury going, most importantly the interest on our bonds because if we didn't pay those we would be really fucked in the A. However, even if we do, it's not going to be pretty... And the longer this situation goes on, the more dangerous and insecure things get.
As a final note on the rhetoric: if you're going to view the D's as guilty of painting themselves into a corner with their words, it's really not fair of you to ignore the R's that are saying that defaulting - not just hitting Aug 2nd (which isn't auto-default), but actually defaulting - wouldn't hurt us/would be good for us.
It's true that we can reorganize things and prioritize payments to keep basic shit in the Treasury going, most importantly the interest on our bonds because if we didn't pay those we would be really fucked in the A. However, even if we do, it's not going to be pretty... And the longer this situation goes on, the more dangerous and insecure things get.
![[Image: Bellesig6-1.jpg]](http://i238.photobucket.com/albums/ff137/catseye543/Bellesig6-1.jpg)