Republican Crazy Talk About the Debt Ceiling

[Crewleader]

Republican Crazy Talk About the Debt Ceiling

Tuesday, October 8, 2013

by ROBERT REICH

"I would dispel the rumor that is going around that you hear on every newscast, that if we don’t raise the debt ceiling, we will default on our debt," says Sen.Tom Coburn, R-Okla. “We won’t. We’ll continue to pay our interest.”

This is crazy talk. While the Treasury Department could prioritize interest payments after October 17 – the day the Treasury Department says it no longer has legal authority to pay the nation’s debts – and not pay Social Security and Medicare, this would buy a few days at most.

Meanwhile, interest rates will soar, stock prices will plummet, the global economy will begin spiraling downward, and millions of Americans wouldn’t receive their Social Security and Medicare.

http://robertreich.org/post/63473600564

[Demeter]

1. They say 40% of Americans Are Actively Mentally Distressed

The trick is to isolate the carriers of contagion who are driving the rest of us crazy...

[Crewleader]

2. The GOP goes Dark

[rock]

3. Well I admit it's funny thinking that if the repiggies lost their brains

that they'd act any crazier. Now that is funny.

[Fuddnik]

4. Their gym is open, but their offices are closed.

I just sent a letter to my two Senators and Congressman. The reply (automated) from Rubio's office said that because of the shutdown, their offices are closed, and they will respond later.

[westerebus]

5. How about this..

POTUS calls an emergency meeting of the Congress and offers the Repubs a repeal of the ACA in exchange for an 80% tax with no deductions for everyone making over $1,000,000.00 from any source of income starting January 1, 2014.

They get 24 hours. Take it or leave it. No amendments.