SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : PRESIDENT GEORGE W. BUSH
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: DuckTapeSunroof who wrote (769520)6/20/2011 10:30:44 PM
From: Wayners  Read Replies (1) of 769670
 
Which brings us back to Palin, who last week argued that Treasury Secretary Timothy Geithner "cries wolf" on the default issue, arguing that a default would not involve another economic crisis. If nothing else, the comment shows that Palin's grasp of economics is as strong as her grasp of history.

She is right on this one also. Interest paid to bondholders is a fraction of the total budget. If the debt ceiling is not raised, bond holders still get paid. It FORCES spending cuts somewhere, but not to bond holders.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News