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jmowreader

(52,557 posts)

4. This is the ONLY reason the teabaggers won't be able to take the country into default

Reply to FourScore (Original post)

Wed Oct 9, 2013, 04:10 AM

Oct 2013

I am pretty sure (likelihood is 75 percent) that the GOP's rich donors have called their congressmen and told them, in no uncertain terms, "you will not allow my bonds to fall worthless."

If we ever needed the 1 Percent it's now; rich people are, with very few exceptions, invested in Treasuries to a significant degree. They're safe, or at least they were until the teabaggers decided to use the world economy as a hostage in their attempts to overturn settled law.

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Highlight:

If GOP Forces a Default, Americans' Wealth Could Be Cut in Half [View all] FourScore Oct 2013 OP

I think it's going to meltdown past our boarders too ffr Oct 2013 #1

That sounds about right. n/t FourScore Oct 2013 #2

Yes, it will Warpy Oct 2013 #3

China will simply nationalize American-owned production facilities in their country. JDPriestly Oct 2013 #5

This is the ONLY reason the teabaggers won't be able to take the country into default jmowreader Oct 2013 #4

It's time for republicans to take a little personal responsibility they preach B Calm Oct 2013 #6