Wednesday, October 7, 2015

GOP candidate for Speaker: 'Bring on debt default!'


Scary!!!



16 comments:

Ignacio said...

The "Tea Party" is out of control, they are the force that will push a dictator into power and start revolution to end their insanity if they keep this path.

God help us all, there is enough firepower worldwide to destroy all the world several times, what would happen with a ruthless man in power?

Maybe mankind has run into it's own collective intelligence limits. Hopefully the correct policy will be pursued when all the other ones have been exhausted, and hopefully it won't be too late by then.

P.S: The "coin" may make it back and end the farce... but Obama has not the balls to use it.

mike norman said...

I truly believe that at some point, and quite possibly this coming November, we will have a "partial" default.

That's where these idiots only pay interest to foreign holders of US securities (because they BELIEVE that foreigners "finance" us) and avoid making payments on domestic obligations, like Social Security, Medicare, Medicaid, food stamps, unemployment benefits, etc.

Malmo's Ghost said...

"and avoid making payments on domestic obligations, like Social Security, Medicare, Medicaid, food stamps, unemployment benefits, etc."

That would be an act of political suicide and would virtually guarantee Democratic control of both the legislative and executive branches of government as far as the eye can see. Not the worst outcome in the long pull.

Tom Hickey said...

That would be an act of political suicide and would virtually guarantee Democratic control of both the legislative and executive branches of government as far as the eye can see. Not the worst outcome in the long pull.

My thoughts exactly.

Pull the trigger, guys. The gun is aimed at your own head. Good riddance.

Tom Hickey said...

Jason Chaffetz makes Donald Trump look like a genius.

mike norman said...

Once done it would not be reversed, just like other programs and policies rammed through by Republicans that have been entirely detrimental and even destructive to the middle class.

Tom Hickey said...

Once done it would not be reversed, just like other programs and policies rammed through by Republicans that have been entirely detrimental and even destructive to the middle class.

Right, and at some point the middle class is going to wake up and throw the bums out — that part of the middle class that hasn't already emigrated anyway.

It was time to leave some time ago.

NeilW said...

"that part of the middle class that hasn't already emigrated anyway."

As if there is anywhere else to go!

The entire world is bonkers atm.

Malmo's Ghost said...

The Democratic Party is certainly no panacea for workers. It's better than the Repubs, but make no mistake it's not the Democratic Party which fronted for workers like it was in the 60's and 70's, not even close. Good god it's the Party that gave us NAFTA and the soon to be TPP. It also doesn't give two shits about cheap labor flooding into this country, which screws blacks more than any group.

Yes, The Republican Party sucks ass. But sadly the Democratic Party isn't far behind.

Nope, like Neil says, there's no place to run.

Tom Hickey said...

NO place to run en masse, but places to run selectively. Not all will think that many are attractive to them but they are to others that have already bailed. There are quite a few US expats around the world and some vibrant enclaves.

Tyler said...

at some point the middle class is going to wake up and throw the bums out

I doubt it. I follow right-wingers on Twitter. Some of them are effectively insane.

Tom Hickey said...

Right now, the US is under the spell of mass insanity over economic liberalism. It's a trend that has become a fad. And like all trends become fads, it will peak and fall as the consequences unfold. Unfortunately, this is going to take a lot down with it.

Greg said...

Ive thought hard about emigrating but as Neil says, where the heck do ya go? Europe is a complete mess, its hard to get into Australia, Costa Rica is a possibility but it is tiny and surrounded by Nicaragua and Panama (two hell holes). Canada might be an improvement but it very much sucks up to America and is turning more neoliberal by the day. I want nothing to do with India and its filth in the streets and abject poverty, the African continent is a complete no no at this time and China is too polluted in the areas that might be attractive to an American expat for other reasons.

Best option down the road is to go tiny house with solar panels in an area of the country that wasnt part of the confederacy. Live simply and have only the most necessary connections to the banking system (via credit union or a bank like USAA) so you don't have to do all cash transactions all the time (until cash is outlawed).

These assholes in the Rethug party are determined to bring on an Armageddon. They won't get their wet dream scenario (especially since Jesus "returning" is....................a fantasy story) but they will create immense chaos and a few of them will probably get impaled on a sharp object before its over.

Tom Hickey said...

@ Greg

Right. It's not necessary to leave the country to drop off the grid. A whole lot of people have since the Sixties and they didn't pioneer it either. They just made it popular and created an alternative economy to support it that interfaces with the mainstream economy enough to make it work. Obviously, the alternative economy as to import a good deal from the mainstream economy, including cash as "foreign reserves."

But there are places in many other countries where expats are settling in both in developed countries and emerging ones. For example there are "dangerous" countries where the danger is localized and there are good opportunities in other areas nowhere near the danger. There are also formerly dangerous areas that aren't any longer and remain relatively unknown and underpriced.

Once one decides to explore possibilities, a lot of things that are open secrets surface.

The Just Gatekeeper said...

Argentina is always a good option :) But seriously, lots of expats in Buenos Aires. Great food, great exchange rate. The country is relatively stable and has a lot of potential.If they get a solid 20 years with no western/US/IMF intervention, who knows, they may be able to build a 1st world country down there.

Random said...

The problem in Argentina is the agricultural monopolies.