tag:blogger.com,1999:blog-6322916946732811685.post4143759967766434817..comments2024-03-28T16:31:54.494-04:00Comments on Borepatch: FlippersBorepatchhttp://www.blogger.com/profile/05029434172945099693noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6322916946732811685.post-17942783032510165542011-07-20T18:44:33.592-04:002011-07-20T18:44:33.592-04:00Did you see, Tuesday, that Moody's recommended...Did you see, Tuesday, that Moody's recommended we just give up the whole "debt ceiling" charade? Story <a href="http://www.reuters.com/article/2011/07/18/us-usa-debt-moodys-idUSTRE76H0WH20110718" rel="nofollow">here</a>. It's not like we've ever stopped for it before, right? Every time we've ever gotten close to the debt ceiling we've just raised it, for darned near the whole hundred years it's existed. <br /><br />"We would reduce our assessment of event risk if the government changed its framework for managing government debt to lessen or eliminate that uncertainty," Moody's analyst Steven Hess wrote in the report. from that articleSiGraybeardhttps://www.blogger.com/profile/00280583031339062059noreply@blogger.comtag:blogger.com,1999:blog-6322916946732811685.post-26810570245479701912011-07-20T13:50:36.655-04:002011-07-20T13:50:36.655-04:00Good post and good links... and the meltdown IS st...Good post and good links... and the meltdown IS starting...Old NFOhttps://www.blogger.com/profile/16404197287935017147noreply@blogger.comtag:blogger.com,1999:blog-6322916946732811685.post-22098710478138888502011-07-20T12:15:57.837-04:002011-07-20T12:15:57.837-04:00Agree it ain't gonna end well - AT ALL.
Howev...Agree it ain't gonna end well - AT ALL. <br />However this whole "OMG!!! We're gonna DEFAULT ON OUR DEBT" is a red herring. The USG doesn't have to default on debts already incurred; it's just gotta "spend money" paying on the debt. Money that the Looter-class would rather be giving to the Moocher-class to continue to buy their votes. Raising the "debt ceiling" is merely giving another credit card to someone who's maxed out the others and can't pay the bill...Boat Guynoreply@blogger.comtag:blogger.com,1999:blog-6322916946732811685.post-4437445160348505022011-07-20T09:44:17.406-04:002011-07-20T09:44:17.406-04:00Smart.
If I take over the world, I want you on my...Smart.<br /><br />If I take over the world, I want you on my team.Northhttps://www.blogger.com/profile/12778737553770514684noreply@blogger.com