{"id":13187,"date":"2013-10-14T14:03:22","date_gmt":"2013-10-14T18:03:22","guid":{"rendered":"http:\/\/angry.net\/blog2\/?p=13187"},"modified":"2020-02-29T06:43:34","modified_gmt":"2020-02-29T11:43:34","slug":"to-default-or-not-to-default","status":"publish","type":"post","link":"https:\/\/angry.net\/blog2\/?p=13187","title":{"rendered":"To default, or not to default"},"content":{"rendered":"

In three days, give or take, the United States will be unable to legally borrow money or sell bonds. Most of the attention for the last few weeks has been on the so called Government Shutdown. You know, the one where 85% or more of the federal workers continue working.<\/p>\n

<\/p>\n

That SCoaMF, Obama thought that he could use this to make the Republicans look bad, but the opposite is occurring. Yes, the Obama Propaganda Machine, aka, The Obama Steno Pool, aka, the Main Stream Media, has been working overtime to show the Republicans as being utterly unreasonable in not rolling over and letting Obama, Reid and the rest of the Marxists basically spend trillions of dollars we don\u2019t have. Now, the other shoe is about to drop and this is the debt ceiling.<\/p>\n

\"foreward<\/a><\/p>\n

On or about October 17th<\/sup>, the United States will no longer be able to borrow money or sell new government bonds. (The usual way we borrow) When that happens, the Federal government will have to determine what bills it needs to pay and in what order. Now, every single propaganda organ<\/i><\/span> News Agency has been screaming that the United States is going to default and not pay the debt. This is a flat out impossibility UNLESS, Obama directly instruct the Secretary of the Treasury, Jack Lew not to service the debt. The United States is taking in some $200 Billion dollars a month and the interest payments are only about $25 or so billion a month. We can easily service the debt and not default. The threat of a United States Default has gotten so ridiculous that Moody\u2019s finally stepped in to correct the record. According to CNBC<\/a>:<\/p>\n

The CEO of credit rating agency Moody’s ruled out the chance of a U.S. government default, even if an agreement over raising the debt ceiling<\/a> is not achieved by mid-October.<\/p>\n

“It is extremely unlikely that the Treasury is not going to continue to pay on those securities,” Moody’s CEO Raymond McDaniel said in an interview with CNBC.<\/p>\n

“Hopefully it is unlikely that we go past October 17 and fail to raise the debt ceiling, but even if that does happen, then we think that the U.S. Treasury is still going to pay on those Treasury securities,” he added.<\/p><\/blockquote>\n

As I mentioned, they have plenty of money to take care of the debt service. The only reason the Regime failed to pay it would be on direct orders of Obama. This would be tantamount to outright sabotage of the United States and would definitely lead to his impeachment in the house. The question would be if the Democrats led by Harry Reid would allow a trial in the Senate, never mind an actual conviction. I don\u2019t honestly see how Obama would put the congress into the position of having to remove home from office. Granted, he should be, but that\u2019s a story for another day.<\/p>\n

\"reid-stup2\"<\/a><\/p>\n

The United States will not default or repudiate the debt no matter who much Obama, Reid and the Progressive Liberal Elite would like to see it happen. They may think it would play well politically, but such a default would also mean the odds of a violent revolution would skyrocket. And since Der Fubar wouldn\u2019t be paying the troops or the Secret Service or anyone who didn\u2019t directly support him, well, his life expectancy would be very low. This is why I don\u2019t think he would be that dumb.<\/p>\n

However, he has been that dumb before, so we shall see.<\/p>\n

\"obama<\/a><\/p>\n

Thatisall<\/p>\n

~The Angry Webmaster~<\/b><\/i><\/p>\n\"1\"2\"3\"4\"5 (1<\/strong> votes, average: 1.00<\/strong> out of 5)
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Louie Gohmert Will Impeach Obama Right In The Face If He Lets …<\/a><\/h3>\n<\/div>\n
Louie Gohmert (R-Texas) isn’t sure whether he’ll support a debt limit deal, but he is sure of one thing: a debt default would be President Barack Obama’s fault. […] When asked whether he would allow the government to default on its debt, …<\/div>\n
http:\/\/wonkette.com\/<\/a> \u2014 Mon, 14 Oct 2013 10:20:40 -0700<\/span><\/div>\n<\/div>\n
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Reid Tries To Spike The Hopium Bowl But Obama Talks Down …<\/a><\/h3>\n<\/div>\n
*OBAMA SAYS REPUBLICANS RECOGNIZING DEFAULT IS NOT SMART; *OBAMA SAYS AFTERNOON MEETING WILL SHOW EXTENT OF PROGRESS; *OBAMA SAYS REPUBLICANS MUST SET ASIDE SOME PARTISAN CONCERNS.<\/div>\n
http:\/\/www.zerohedge.com\/fullrss2.xml<\/a> \u2014 Mon, 14 Oct 2013 09:46:04 -0700<\/span><\/div>\n<\/div>\n
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Daily Kos: Congressional leaders to meet with President Obama at …<\/a><\/h3>\n<\/div>\n
President Barack Obama and House Republican Leader John A. Boehner (R-Ohio) … The government shutdown would end without Republicans achieving any of their goals and the threat of default would be removed from the table.<\/div>\n
http:\/\/www.dailykos.com\/<\/a> \u2014 Mon, 14 Oct 2013 09:45:50 -0700<\/span><\/div>\n<\/div>\n
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Obama to make 11th hour push before default – Fast News Update<\/h3>\n<\/div>\n
Obama to make 11th hour push before default. President Barack Obama will host Democratic Senate Majority Leader Harry Reid and Republican House Speaker John Boehner at the White House at 3 p.m. ET Monday amid an 11th-hour push …<\/div>\n
http:\/\/fastnewsupdate.com\/ \u2014 Mon, 14 Oct 2013 09:39:05 -0700<\/span><\/div>\n<\/div>\n
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GOP congressman offers solution to debt limit crisis: Impeach …<\/h3>\n<\/div>\n
Republican Congressman Louie Gohmert of Texas, the highest ranking member of the House Committee of Bat&h!t Wingnuttery, proposes a solution for dealing.<\/div>\n
http:\/\/investmentwatchblog.com\/ \u2014 Mon, 14 Oct 2013 09:34:43 -0700<\/span><\/div>\n<\/div>\n
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Obama calls Hill leaders to White House | Crecer Finance<\/h3>\n<\/div>\n
WASHINGTON (AP) \u2014 President Barack Obama called congressional leaders to the White House on Monday in search of a quick end to an impasse that threatens an unprecedented Treasury default later this week and has left parts of the …<\/div>\n
http:\/\/www.crecerfinance.com\/ \u2014 Mon, 14 Oct 2013 09:15:00 -0700<\/span><\/div>\n<\/div>\n
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If Obama invokes the 14th Amendment to avoid default, he might be …<\/a><\/h3>\n<\/div>\n
And he absolutely cannot permit default, the consequences of which would be global and catastrophic. It is widely said that the Obama Administration has \u201cruled out\u201d recourse to the fourth section of the Fourteenth Amendment. Not so. In 2011 …<\/div>\n
http:\/\/blogs.e-rockford.com\/applesauce\/<\/a> \u2014 Mon, 14 Oct 2013 07:24:35 -0700<\/span><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

In three days, give or take, the United States will be unable to legally borrow money or sell bonds. Most of the attention for the last few weeks has been on the so called Government Shutdown. You know, the one where 85% or more of the federal workers continue working. Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":6751,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[176,71,8,115],"tags":[11,52,15,18,8,110,24,34],"class_list":["post-13187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news-of-the-day","category-politics","category-stupidity-crime","tag-america","tag-constitution","tag-incompetence","tag-obama","tag-politics","tag-scoamf","tag-socialism","tag-stupidity"],"views":977,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2012\/02\/obama-phone-upside-down.jpg?fit=320%2C297&ssl=1","jetpack-related-posts":[{"id":16609,"url":"https:\/\/angry.net\/blog2\/?p=16609","url_meta":{"origin":13187,"position":0},"title":"Defunding Obama\u2019s immigration plan? Not happening per Boehner","author":"Angry Webmaster","date":"December 5, 2014","format":false,"excerpt":"Good day all. As you are aware, the SCoaMF, Barack Obama, decided to grant amnesty and benefits to millions of criminals illegally in the United States. Most of the country is utterly opposed to this and want the new congress to stop Obama. It seems that the Speaker of the\u2026","rel":"","context":"In "News of the Day"","block_context":{"text":"News of the Day","link":"https:\/\/angry.net\/blog2\/?cat=71"},"img":{"alt_text":"double-facepalm","src":"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2012\/08\/double-facepalm-300x240.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":19592,"url":"https:\/\/angry.net\/blog2\/?p=19592","url_meta":{"origin":13187,"position":1},"title":"Obama considers Paris massacre \u201cA setback\u201d","author":"Angry Webmaster","date":"November 16, 2015","format":false,"excerpt":"Good day all. 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The GOP has come out with a new ad reminding America of the ScoaMF\u2019s lies.","rel":"","context":"In "liberty"","block_context":{"text":"liberty","link":"https:\/\/angry.net\/blog2\/?cat=37"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19602,"url":"https:\/\/angry.net\/blog2\/?p=19602","url_meta":{"origin":13187,"position":3},"title":"Obama’s plan? “Stay the course”","author":"Angry Webmaster","date":"November 16, 2015","format":false,"excerpt":"Good evening all. It's been a long day of posting for me. I've been watching that SCoaMF, Barack Hussein Obama off and on during the day. (Usually followed by trying not to vomit in disgust) He has announced that there will be no changes to his strategy regarding ISIS.","rel":"","context":"In "News of the Day"","block_context":{"text":"News of the Day","link":"https:\/\/angry.net\/blog2\/?cat=71"},"img":{"alt_text":"ObamaWhiteFlag","src":"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2015\/07\/ObamaWhiteFlag-300x300.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":19930,"url":"https:\/\/angry.net\/blog2\/?p=19930","url_meta":{"origin":13187,"position":4},"title":"Obama blames media for ISIS fears","author":"Angry Webmaster","date":"December 23, 2015","format":false,"excerpt":"Good day all. As we all know, at least those of us who actually have the ability to think, ISIS wants to kill all infidels and take over the world. Once they do that, they plan on returning to the 7th century.","rel":"","context":"In "Moonbat"","block_context":{"text":"Moonbat","link":"https:\/\/angry.net\/blog2\/?cat=100"},"img":{"alt_text":"muhammed","src":"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2015\/01\/muhammed-300x269.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":9444,"url":"https:\/\/angry.net\/blog2\/?p=9444","url_meta":{"origin":13187,"position":5},"title":"The captions write themselves","author":"Angry Webmaster","date":"October 5, 2012","format":false,"excerpt":"The fallout from the Debate continues. Here we have a picture that was taken just after the debate ended. 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