Thread: Economics The Fiscal Cliff Approacheth
View Single Post
Old 12-03-2012, 08:45 PM   #360
BigRedChief BigRedChief is online now
Has a particular set of skills
 
BigRedChief's Avatar
 

Join Date: Dec 2003
Location: On the water
Casino cash: $39727
VARSITY
Quote:
Originally Posted by patteeu View Post
The debt ceiling doesn't prevent the government from paying it's debts, I prevents government from making new debt.
Wrong. It causes us to default on our debts and cost us billions and billions more in interest we will never get back.

But I see what your doing.....Let's default, ruin our credit rating...the international banks get to charge us billions and billions more and the 1% make tons more money.
__________________
Fear is the path to the Dark Side. Fear leads to anger, anger leads to hate, hate leads to suffering.
Posts: 55,238
BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.
  Reply With Quote