The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: RetiredNow who wrote (254227)	6/15/2010 8:50:18 AM
From: RetiredNow	Read Replies (2) of 306849

Hi all, I can see one major advantage to a GOP sweep of Congress in Nov'10. What if the GOP decides to crack down on these deficits? Remember Gingrich? He used to be my favorite fiscal conservative. So maybe the GOP will actually do something about our fiscal profligacy. Could Congress Force a US Debt Default? yglesias.thinkprogress.org In 1995, then House speaker Newt Gingrich publicly warned the Public Securities Association that he was prepared to default on the debt unless Bill Clinton acceded to Republican demands for budget cuts. “I don’t care what the price is,” Gingrich said.

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