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 -- Ignore unavailable to you. Want to Upgrade?


To: DuckTapeSunroof who wrote (769520)6/20/2011 4:40:34 PM
From: longnshort4 Recommendations  Read Replies (1) | Respond to of 769670
 
where have you've been, Palin was shown to be correct



To: DuckTapeSunroof who wrote (769520)6/20/2011 10:27:54 PM
From: Wayners  Read Replies (1) | Respond to of 769670
 
I really have to laugh at your logic. While Paul Revere and TWO other riders, not mentioned in your rant, are screaming their lungs out, don't you think just maybe screaming isn't exactly some kind of secret clandestine act? Don't you think that maybe just maybe LOYALISTS had ears, or maybe British troops occupying people's homes (we actually have a bill of rights amendment against this today) might have heard? Palin doesn't always get it right, but she is right on this one. Historians have also agreed after her statements.



To: DuckTapeSunroof who wrote (769520)6/20/2011 10:30:44 PM
From: Wayners  Read Replies (1) | Respond to 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.