Obama as Chicken Little

[slotdirt]

Good luck getting a loan or paying off your credit card when interest rates go through the roof sometime next week. I hope your 401k is also completely withdrawn.

It's fine to criticize the president, but when pretty much every financial expert ever is using terms like "cataclysmic" to describe what will happen if we hit the debt ceiling, then I'm going to go ahead and believe that we don't want to see what happens should the statutory debt ceiling not be raised.

[dellinger63]

Originally Posted by slotdirt

Good luck getting a loan or paying off your credit card when interest rates go through the roof sometime next week. I hope your 401k is also completely withdrawn.

It's fine to criticize the president, but when pretty much every financial expert ever is using terms like "cataclysmic" to describe what will happen if we hit the debt ceiling, then I'm going to go ahead and believe that we don't want to see what happens should the statutory debt ceiling not be raised.

FYI we hit the debt ceiling a couple months ago. Interest rates didn't budge. As discussed in seperate threads maybe when the State of WI refused the $200 million for hi-speed rail it should have taken more than an hour to announce it will go to Ohio and IL. Of course to this administration it's only chump change! Multiply that by 100's of other needless projects plus a white elephant represented by the new taxes, fees, fines known as Obama care. Where else in the world would a citizen be taxed because he has too good of a health care policy. Taxing cigs and alchohol I understand but taxing a healthcare plan that is considered 'too good', 'a cadilac', 'luxury' What's next a jogging / workout tax?

[slotdirt]

I think you're missing the point. I'm all for cutting back on spending, but there has to be a better Waterloo for conservatives than this. The stock market crash of '87 will look like nothing compared to what happens on August 3rd.

[dellinger63]

Originally Posted by slotdirt

I think you're missing the point. I'm all for cutting back on spending, but there has to be a better Waterloo for conservatives than this. The stock market crash of '87 will look like nothing compared to what happens on August 3rd.

Except everyone has been warned unlike '87.

[slotdirt]

Right, so we've been warned. Everybody should pull their money off the market now then. I'm sure that's helpful.

[jms62]

Originally Posted by slotdirt

Right, so we've been warned. Everybody should pull their money off the market now then. I'm sure that's helpful.

If it were going to actually happen you would not be warned. The warning is to shake out prior to the Melt-Up once a deal is struck.

[Riot]

Originally Posted by slotdirt

Good luck getting a loan or paying off your credit card when interest rates go through the roof sometime next week. I hope your 401k is also completely withdrawn.

It's okay. Dell doesn't deal with reality. He'll be fine

[dellinger63]

Originally Posted by Riot

It's okay. Dell doesn't deal with reality. He'll be fine

As long as I have no part paying for anything to do with you?