GOP: If Obama doesn't allow repeal of healthcare, we'll let the US default

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VJ Republicans: If you could only have one of the two, which would you pick? The United States not defaulting on its debt or a repeal of healthcare reform?

This issue of the debt ceiling is a hot, hot, hot topic right now, since newly-emboldened GOP leaders are making noises about not increasing it (as used to be perfunctory).

...

In an interview with Fox News this evening, Senate Minority Leader Mitch McConnell said Congress would not vote to increase the nation's debt ceiling -- legislation that must pass to avoid a global economic panic -- without "strings." Those strings could be attached to anything, including health care legislation.

So the threat is, basically, agree to defund healthcare, or we're going to put the US into default.

http://www.businessinsider.com/gop-leader-mcconnell-already-threatening-to-make-the-us-default-2010-11

[mawilson 2,133]

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Who knew they meant business? Looks like the American voter is going to get exactly what it voted for.

[I AM NOT THAT GUY 5,715]

I don't like seeing the debt ceiling being raised perfunctorily. I would rather see the spending train put on a slower track. Not borrowing as much will not bring spending to a halt, just limit spending to the actual revenues coming in.

The healthcare thing needs to run its course. Eventually the healthcare delivery system will be nationalized out of necessity. But getting there will be unsettling for the populace,

[Obama 2012 1,714]

After spending 70+ years in debt, I'm surprised the FED just hasn't said 'F-it' and taken over the nation, lol.... Of course, they'd stop making money if that happened... but it would be amusing.

Fed: 'uh, you can't pay your debt? Sweet. We now own DC, NYC, and Los Angeles.'

In all seriousness though, the health care bill needs to go.....

[mawilson 2,133]

Who knew they meant business? Looks like the American voter is going to get exactly what it voted for.

They don't mean business. They are a bunch of pussies, just like the Democrats.

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They don't mean business. They are a bunch of pussies, just like the Democrats.

So what happens if they don't raise the ceiling?

[mawilson 2,133]

So what happens if they don't raise the ceiling?

Something similar to what scandal described here.

But they are bluffing - they don't have the balls to do that.

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Something similar to what scandal described here.

But they are bluffing - they don't have the balls to do that.

aah. He posted that on another site too. Scary. What makes you think they don't have the balls? If Paul doesn't have the balls, then no one does. I don't think anyone can stop him if he wants to. This isn't your everyday Republican.

[one...two...tree 2,762]

How is it that the Affordable Health Care Act has so many provisions that were originally propose by Republicans in previous years, yet so many of the Republicans now want to repeal it? I don't understand why it has become such an eyesore for the GOP other than it was such a landmark victory for Obama and the Democrats.

[mawilson 2,133]

aah. He posted that on another site too. Scary. What makes you think they don't have the balls? If Paul doesn't have the balls, then no one does. I don't think anyone can stop him if he wants to. This isn't your everyday Republican.

They couldn't even *freeze* Social Security benefits for a year - we're not talking about cuts,

just forgo an increase in benefits. They pussied out and proposed a rebate for seniors.

You really think they have the balls to put the country into default?

[SMOKE 1,426]

They couldn't even *freeze* Social Security benefits for a year - we're not talking about cuts,

just forgo an increase in benefits. They pussied out and proposed a rebate for seniors.

You really think they have the balls to put the country into default?

no. but, they do have the balls to put feelers out for the start of the scare campaign in 2012.

[one...two...tree 2,762]

"This is not a 'Jeopardy!' question where there is just one right answer," said Rep. Joe Barton, R-Texas, a leader on health care. "House Republicans are committed to repealing the existing Obamacare bill. That's not window dressing, but we are going to do a three-pronged approach. We'll do repeal, we'll do a reform bill, we'll do a defunding bill. It's all of the above."

http://news.yahoo.com/s/ap/us_repeal_and_replace

[mawilson 2,133]

no. but, they do have the balls to put feelers out for the start of the scare campaign in 2012.

The political and economic repercussions of a default would be so severe, they can say good-bye to 2012, 2016, 2020, 2024 and 2028.

[I AM NOT THAT GUY 5,715]

The political and economic repercussions of a default would be so severe, they can say good-bye to 2012, 2016, 2020, 2024 and 2028.

Chances of a default are nil. If the Treasury runs out of borrowing authority, then everybody will have to wait to get paid. It may be a long line, but everybody will get paid eventually. The question really is, "Will the various agencies stop writing checks until revenues catch up, or will the banks have to hold the paper indefinitely?"

It happens in California every year, and the state hasn't defaulted yet.

Edited November 4, 2010 by ##########