DO NOT GIVE HIM ANY INCREASE IN THE DEBT CEILING NONE WHATSOEVER. yes i know what will happen and i for one say it must be done and now not 6 months not a year down the road.
I'm not sure you really do.
America would become a dead beat global debter. Our economy would tank on a global scale. The debt ceiling requirement is an obligation for congress to pay the bills on
already owed obligations. It has nothing to do with Obama getting anything. It has everything to do with the good faith and credit of the US and our economy.
Stocks would tank.
SS checks would not go out
active-duty soldiers, veterans would not get paid,
taxpayers due refunds would not receive them
No federal workers would be paid
suppliers of goods and services to the government would not receive payment
Treasury yields would start to climb and push cost of U.S. debt higher.
rates on consumer loans -- like mortgages and car loans would climb tanking US economic recovery.
If interest or principal payment by Treasury were not made global financial markets would collapse.
But hey , if you still think it's something congressional leaders should play pattycake and toss the grenade around in a game of political football why wait to experience , Save some time , buy a ticket to Greece.