Your Daily Dose of Sense

Listen, we do realize that way too many people are setting their hair on fire over the debt ceiling nontroversy, screaming “if we don’t raise the debt ceiling, we’ll default on our debts and the world economy will crash!!!eleventy!!1!”

Sure, if this nation were to suddenly tell all of its creditors that we weren’t going to make our monthly minimum payment now or for the foreseeable future, the consequences would absolutely be dramatic for financial markets at home and abroad. If the world’s greatest debtor decides to become the world’s greatest deadbeat, it IS going to cause pandemonium and mayhem. For everybody. Lending money suddenly becomes a very risky affair for lenders, interest rates (the price for borrowing money) will skyrocket, inflation will go nuts etc. and so on.

IF.

It really annoys His Imperial Majesty no end to hear otherwise rational people (Democrat Socialists obviously excluded), however, regurgitate that as a given.

IF.

Out of every dollar we spend, we “only” borrow 40 cents, give or take. That’s too much by far, to be sure, but that’s the price we pay for not doing the sensible thing and shooting socialists in the back of the head the moment they start masturbating to Karl Marx and former Enron advisor Paul Krugman. The fact IS that we still have 60 cents of real money collected through revenues.

Which is MORE than enough to service our debt which, in layman’s terms, means “not defaulting.”

Sure, we’ll have to cut 40% of our budget to keep of from having to borrow MORE, and that won’t be painless, addicted as we’ve become to “free money”, but it’s hardly impossible. As a matter of fact, it’s not impossible in any sense of the word, just as it isn’t “impossible” for a family to cut out cable TV, going out for dinner, replacing the big car with a clunker and so on. But the bottom line is we DO have a choice.

And it would probably be a good idea, just as it would be a good idea for the aforementioned family to quit running up $4,000 a year on the credit card to cover expenses their paychecks can’t cover.

Bottom line is quite simple: If the debt ceiling is NOT raised because the GOP finally finds a nut and IF said sudden inability to borrow more money from the Chinese leads to us not making our debt payments, then it’s because Princess Stompy Foot so ordered. It is NOT because we can’t pay them. The IRS didn’t stop collecting taxes on October 1, that would be a “shutdown” we could REALLY get behind, they’re still raking it in and they’re raking in far more than we need to make the minimum payments to keep our accounts current. FAR more.

But it WOULD mean that “essential” things like Princess Stompy Foot’s $100,000,000 vacations and golf fees would have to be shut down. Oh the horror!

It’s his choice, as arsehole-in-chief. He can choose to service our payments, or he can choose to crash the markets out of spite because his Wagyu beef is more important, in his opinion, than the financial survival of this nation. HIS choice.

Nobody else’s.

On his head be it, and may his head find itself severed from his body if he so chooses.

Thatisall.

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LC Sir Clambake, Imperial Black Ops Technician, K.o.E.
LC Sir Clambake, Imperial Black Ops Technician, K.o.E. (@cmblake6)
October 9, 2013 02:24

Sure, we’ll have to cut 40% of our budget to keep of from having to borrow MORE, and that won’t be painless, addicted as we’ve become to “free money”, but it’s hardly impossible. As a matter of fact, it’s not impossible in any sense of the word, just as it isn’t “impossible” for a family to cut out cable TV,… Read more »

Guest
October 9, 2013 12:24

______-in-WH

37% “approval” now

JonB
JonB (@jonb)
October 9, 2013 16:44

April 30th, 1945 can’t come fast enough

LC MaxMomFL
LC MaxMomFL (@lc-maxmomfl)
October 9, 2013 18:58

From Hot Air: “The CEO of credit rating agency Moody’s ruled out the chance of a U.S. government default, even if an agreement over raising the debt ceiling is not achieved by mid-October. … “It is extremely unlikely that the Treasury is not going to continue to pay on those securities,” Moody’s CEO Raymond McDaniel said in an interview with… Read more »

Guest
October 9, 2013 19:27

Are the RNC //pukies/SOTH going to all _ _ tless with the 60+$ telling al press that it is the pubs’ fault? …………. Wake up and smell the bad milk. In that 60+% are the actually worthless trolls that elected and RE-elected the POS. They are as much a functioning enemy of real America as the WH, muslisimians, prog/libs, and… Read more »

LC Gladiator
LC Gladiator (@gladiator)
October 9, 2013 19:52

DEMOCRATS TO AMERICA: WE OWN THE GOVERNMENT! October 9, 2013 In the current fight over the government shutdown, Republicans are simply representing the views of the American people. Americans didn’t ask for Obamacare, they don’t want it, but now their insurance premiums are going through the roof, their doctors aren’t accepting it, and their employers are moving them into part-time… Read more »

Guest
October 9, 2013 20:32

Honor Flight NW Ohio

No tear gas

pennsylvania.icito.com/tag/northwest-ohio-honor-flight/

………………………….

Cannon Fodder
Cannon Fodder (@cannon-fodder)
October 9, 2013 21:25

I just read the first few lines of some blowhard’s Google+ post. He said that the Republicans were responsible for the government shutdown because they say Obongo won’t compromise, but also says that Obamacare was the Republican’s offering and he compromised then because he wanted a single payer system.

LC SecondMouse
LC SecondMouse (@secondmouse)
October 9, 2013 21:39

That which cannot be sustained will not be sustained. We can either put the brakes on runaway federal spending and central authority now, and attempt to manage the consequences of downsizing government and entitlements, or we will have it done to us in time, as the rest of the world abandons the wrecked dollar as the global reserve currency while… Read more »

LC Sir Clambake, Imperial Black Ops Technician, K.o.E.
LC Sir Clambake, Imperial Black Ops Technician, K.o.E. (@cmblake6)
October 10, 2013 03:03

LC SecondMouse says:

Trust me. It may already be too late to avoid our fate. But we do not want to wake up in a country where every drawer is crammed full of dollars and there is nothing to eat.

Deutschland, Deutschland, uber alles… :facepalm:

LC Gladiator
LC Gladiator (@gladiator)
October 10, 2013 13:38

Motto Of The Muslim Brotherhood -Allah is our objective. -The Prophet is our leader. -Qur´an is our law. -Jihad is our way. -Dying in the way of Allah is our highest hope. Roster of Muslim Brotherhood members working in the Obama Administration White House: 1-Mohammed Elibiary…Homeland Security Adviser 2-Rashad Hussain…Special Envoy to the Organization of the Islamic Conference (OIC) 3-Arif… Read more »

LCSgtmech
LCSgtmech (@lcsgtmech)
October 10, 2013 17:17

“We believe the government would continue to pay interest and principal on its debt, even in the event that the debt limit is not raised, leaving its creditworthiness intact,” the analysis said. “The debt limit restricts government expenditures to the amount of its incoming revenues; it does not prohibit the government from servicing its debt. There is no direct connection… Read more »