Does anyone know?

Discussion in 'Political Opinions & Beliefs' started by StillBlue, May 25, 2023.

  1. StillBlue

    StillBlue Well-Known Member

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    If the US defaults in a couple of weeks we all know the horrors of Social Security checks not going out and such. But what do we know about how much interest rates will go up as the US loses it's credit rating?
     
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  2. StillBlue

    StillBlue Well-Known Member

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    Call me suspicious but the rich are going to have to cover the new debt with their tax cuts since Social security no longer has a growing reserve. Are they.manipulating their congressmen so they'll get larger interest by means of a decline in credit rating?
     
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  3. Rampart

    Rampart Banned

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    ot is all biden's fault. the debt is biden's fault abd rge default is all on viden.

    america's favorite all time president paid all of america's debts despite hitting the debt ceiling 3 times, but trump was much better at leading bipartisan support for maga.
     
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  4. Golem

    Golem Well-Known Member Donor

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    An interest on dollars that are worth way less is not a big incentive.

    We won't default on our debt. But the only ones who would stand to gain from us coming close to defaulting are our competitors: China, especially. The Republican Caucus of the Crazies thinks they found a way to defeat Biden. And maybe it is. A full financial crisis created by them might do the trick. But they will sink the country in the process. Even the donor class would suffer. And one would think they won't allow the crazies to do this. But... they ARE The Crazies, so...
     
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  5. ButterBalls

    ButterBalls Well-Known Member

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    It happened under Mr. Obatard. So, there is that whole HISTORY thing you might, could look up.. In the mean time, LOOK, we are still here!
     
    Last edited: May 25, 2023
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  6. Just A Man

    Just A Man Well-Known Member

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    It's Bush's fault, no wait it's Trump's fault, no wait it's the republican's fault. Can't be Biden's fault, he has only been in office for 2 years.
     
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  7. Golem

    Golem Well-Known Member Donor

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    Funny and, at the same time pathetic, how you refer to somebody who (regardless of whether you agree with his politics or not) is likely the smartest and most educated President in any of our lifetimes after having supported the dumbest and definitely the least educated. It's the best illustration of projection anybody could ever hope to see.
     
    Last edited: May 25, 2023
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  8. StillBlue

    StillBlue Well-Known Member

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    You are aware I hope that this is entirely a maneuver rarely tried that has never succeeded being made by the Republicans of the House? That this is not by any means normal procedure? That if they succeed it will be just like the 50 to name a Supreme Court justice and will be repeated by Democrats in the future with Republican presidents? Yet another further move down the path of total futility?
     
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  9. yardmeat

    yardmeat Well-Known Member

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    It will definitely mean havoc for retirement accounts. Folks who are further along in life tend to rely on bonds more than stocks, since they are suppose to trade off lower yield for more security, and failure to pay will be a huge blow to the only reason anyone has for buying US bonds.
     
    Last edited: May 25, 2023
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  10. ButterBalls

    ButterBalls Well-Known Member

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    Comedy, right? In our lives, more comedy..

    [​IMG]

    Now that's STUPID..

    And this is stupid
    upload_2023-5-25_8-16-54.png
    Retarded, can't even get his own birth accurate :)
     
  11. popscott

    popscott Well-Known Member Donor

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    It is a leftest BS scare tactic... this is a Biden and Democrat created crisis to fool the uninformed... about Social Security checks.

    Youtube ....Levin: This is preposterous

    SS checks will go out... they are funded by it's fund

    [​IMG]

    Medicare will continue to pay

    [​IMG]
     
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  12. ButterBalls

    ButterBalls Well-Known Member

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    Good thing you live in the Africa, none of this will affect you or your country..
     
  13. ButterBalls

    ButterBalls Well-Known Member

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    They are the master of doom and gloom! The DNC has their base trained to toe the line out of FEAR.
     
  14. Bluesguy

    Bluesguy Well-Known Member Donor

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    They only reason they would stop being paid is because Biden and Yellen decide not to pay them. You do realize tax revenue into the Treasury will not be stopping and we are having RECORD tax revenues?
     
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  15. Bluesguy

    Bluesguy Well-Known Member Donor

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    Then why have the Dems refused to negotiate a deal for almost five months now? But the fact remains Biden and Yellen can continue to pay the interest and roll it over and pay SS and Medicare revenues do not stop coming in when we hit the debt limit.
     
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  16. yardmeat

    yardmeat Well-Known Member

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    Failed negotiations mean that both sides have in some way failed. I could just as easily ask why the GOP refused to negotiate with deal for five months now. It's an identical conundrum.
     
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  17. popscott

    popscott Well-Known Member Donor

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    Ask yourself why the Democrats did not increase the debt ceiling when they controlled the House and the Senate..
     
  18. yardmeat

    yardmeat Well-Known Member

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    Can you provide an example of them not doing so? And I thought your side didn't want them to.
     
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  19. JohnHamilton

    JohnHamilton Well-Known Member

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    Actually it dates back to Eisenhower. If he had not ended the twenty years of Democrat control, the U.S. would have been perfect.
     
  20. popscott

    popscott Well-Known Member Donor

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    The republicans are looking to DECREASE the INCREASE in spending....1% cap on annual spending growth going forward.... The Democrat is spending "others peoples money" so there is no limit to any spending that can be porked to the gills...
     
  21. yardmeat

    yardmeat Well-Known Member

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    The GOP has a track record showing that they are perfectly fine with increasing spending, just as much if not more so than Dems. They only pretend to care about that when the Dems are in office because it plays well to their base. They don't actually care. Hell, Trump criticized Biden for not spending MORE for COVID.
     
    Last edited: May 25, 2023
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  22. Bluesguy

    Bluesguy Well-Known Member Donor

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    False it is the Democrats who have REFUSED to negotiate taking us up to the midnight deadline.
     
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  23. Bluesguy

    Bluesguy Well-Known Member Donor

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    They are the ONLY ones who have shown they are willing to refrain the growth if not cut spending and when they have the power to do so they do so. Who cut the deficits in the mid-2010's? Who produced the surpluses of the late 1990's? Who had the deficits down to a paltry $161B in the mide 2000's heading back to surpus. When did the Dems ever come close?

    Which side is fighting NOW for ever more spending and never ending always growing deficits?
     
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  24. yardmeat

    yardmeat Well-Known Member

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    It takes two parties to refuse to negotiate.
     
  25. Rampart

    Rampart Banned

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    republicans only spend their own money? news to me.

    "i am the king of debt. nobody owes more than l do" trump
     

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