Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

freshwest

(53,661 posts)
1. Debt Ceiling: 'Chaotic' choices on 100 million payments
Sat Oct 12, 2013, 12:43 PM
Oct 2013

Less than ten days away, the scenario described here is what the GOP wants:

Debt Ceiling: 'Chaotic' choices on 100 million payments

By Jeanne Sahadi - January 7, 2013

If Congress doesn't raise the debt ceiling soon, the Treasury Department will be forced to make drastic, no-win decisions on how to honor tens of millions of legally owed payments every month...

Prioritizing interest payments means Treasury must choose from more than 100 million monthly payments and would not be able to pay 40% of the dollars owed...


Much more at link:

http://money.cnn.com/2013/01/07/news/economy/debt-ceiling/index.html

Those expecting veteran benefits will lose those in November through shutdown or with default:

5 million will lose veterans' benefits next month if shutdown stretches to November


http://www.democraticunderground.com/?com=view_post&forum=1014&pid=616482

Rand Paul says default can be 'framed as a reasonable idea' and Tom Coburn wants to default to face a 'managed catastrophe.'

http://www.democraticunderground.com/?com=view_post&forum=1002&pid=3820816

To which I said:

A 'managed catastrophe' by these gangsters? We're officially in hell!



Why the people of the USA aren't in the offices of these gangsters protesting right now, proves the power of media.

They will blame Obama, the poor, the disabled, the elderly and any 'others,' instead of the GOP.

The long term chaos will benefit the GOP in 2014. as people forced to move, translates into them being unable to vote.

On the bright side, at that point, they will all be able to qualify for government assistance living where and how they do not want.

But anyone who has paid much attention to politics since the Tea Party gained power in 2010, knows that FOAD is their answer to those who need assistance.

All of this coming from a man-made disaster that does not have to happen.

http://upload.democraticunderground.com/10023822515

Just more information, of what the Treasury is trying to figure out in the face of this insanity. They've been doing this all year while the GOP has played this game, causing the pain, even after the Sequester. The Teabaggers are hell bent on their dystopia.

They want to do a Shock and Awe, and it will be unexpected to many. The media has kept this out of the public eye, not putting blame where it belongs for this Koch brothers disaster now staring so many of us in the face.

I posted some positive solutions, not sure if it's too late. The USA will never again entertain the progressive social issues we thought important as it is divided up into fiefdoms.

Here is another, if you are interested in reading this:

Nearing the Eve of Destruction, will this be Obama's Winning Hand?


http://www.democraticunderground.com/110218172

Recommendations

0 members have recommended this reply (displayed in chronological order):

Latest Discussions»Retired Forums»Barack Obama»16 Ways Default Will Tota...»Reply #1