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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (623483)	8/8/2011 4:13:06 PM
From: longnshort	3 Recommendations Read Replies (1) \| Respond to of 1578550

No down grade if the ryan plan had passed

To: Alighieri who wrote (623483)	8/8/2011 4:19:31 PM
From: Sdgla	1 Recommendation Respond to of 1578550

a parade of TP folks telling us how we could manage our way out of an inability to close the debt limit..default didn't matter it seems Post the links where any TP person says default doesn't matter Al. Michelle Bachman put herself front and center and pointed out that we had enough funds to pay our debts and default was not going to happen. “It’s Congress giving permission to the federal government to borrow more money that we don’t have, and we borrow it for the purpose of spending it,” Bachmann tells Newsmax. “So we need to know what this is about: President Obama wants the Congress to go to other countries and borrow $2 trillion that we don’t have, and that our children will have to pay back some day, and to use that to spend right now.” According to Bachmann, Treasury secretary Tim Geithner, who has said not raising the debt ceiling could cause a massive default, has greatly exaggerated its impact. According to Bachmann, Geithner “unfortunately resorted not only to scare tactics, [but] in my opinion it was outright blatant lies when he said that we would see the collapse of various things if we didn’t allow the government to continue to borrow money, and spend money, that we don’t have. “What the Treasury secretary has failed to tell the American people is that we have it within our discretion to pay our debts first,” Bachmann says. Read more on Newsmax.com: Bachmann: Geithner Gives ‘Blatant Lies’ on Debt Ceiling Important: Do You Support Pres. Obama's Re-Election? Vote Here Now!

To: Alighieri who wrote (623483)	8/8/2011 4:31:42 PM
From: i-node	Read Replies (1) \| Respond to of 1578550

>> only a week ago I was listening to a parade of TP folks telling us how we could manage our way out of an inability to close the debt limit...default didn't matter it seems S&P has flat out stated there would have been a downgrade had either the 4 Trillion proposed by Boehner or the Ryan Plan been adopted. The only conclusion one can reach is that had the Democrats accepted the Republican proposals -- ANY of them -- rather than trying to negotiate for tax increases, we would have been better off.