Government Shut Down

[Adak]

Wrong - again!

We have had 27 gov't shutdowns, and so far, survived every one of them.

Which is why the democrats won't compromise on their spending. As both Pelosi and Reed have stated "there is nothing that can be cut".

The Democrats know that they don't have to compromise, because the Republicans are split, and don't control the Senate or the Executive house of the gov't. They don't give a damn if you're reduced to poverty over the shut down, because if you are, well - you'll need welfare and food stamps, and housing help, and all the other gov't hand out programs they favor.

The Democrats LOVE the poor - they must, because they make so many of 'em.

[richlevy]

Originally Posted by Adak

Wrong - again!

We have had 27 gov't shutdowns, and so far, survived every one of them.

I'm not talking about a shutdown, I'm talking about a default. We came close a few years ago and as a result slipped our credit rating. This costs us real money in terms of borrowing costs. Actually defaulting, even for a second, would have consequences. I heard Rand Paul poopoo this, but his arguments were based on the idea that the money would still be there. Anyone paying a credit card could tell him that the money being there does not prevent the rate from getting jacked up if the check is even a day late.

In the financial markets the mantra for the US is 'full faith and credit'. This is the invisible shield that allows us good credit despite our debt - why we are not being treated like Greece. The Republicans, the so-called part of finance, are threatening that.