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Reply #30: How many defaults have you lived through? [View All]

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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-17-11 11:13 PM
Response to Reply #19
30. How many defaults have you lived through?
I have lived through one, if not two...

Americans are NOT freaking exceptional and what happened in OTHER PLACES will be a walk in the damn park


This level of ignorance is just freaking astounding... ON BOTH FREAKING SIDES.
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  -Who loses the most if the debt ceiling is not raised? RICH REPUBLICANS Cronus Protagonist  Jul-17-11 10:13 PM   #0 
  - That's a terrible idea.  LetTimmySmoke   Jul-17-11 10:17 PM   #1 
  - Strange assertions there  Cronus Protagonist   Jul-17-11 10:27 PM   #6 
  - But they already do  emsimon33   Jul-18-11 03:00 AM   #57 
  - The country... the WHOLE COUNTRY  nadinbrzezinski   Jul-17-11 10:18 PM   #2 
  - I can tell you it means FUCK ALL to me  Cronus Protagonist   Jul-17-11 10:28 PM   #7 
  - Having lived through one I can tell you that you are dead wrong  nadinbrzezinski   Jul-17-11 10:39 PM   #13 
  - The debt ceiling will be raised  Cronus Protagonist   Jul-17-11 11:03 PM   #22 
     - It was invented in 1912...  nadinbrzezinski   Jul-17-11 11:10 PM   #29 
     - nihilism?  Cronus Protagonist   Jul-17-11 11:57 PM   #36 
        - Yes on BOTH SIDES  nadinbrzezinski   Jul-18-11 12:29 AM   #45 
           - Well, I disagree on your interpretation of nihilism  Cronus Protagonist   Jul-18-11 02:03 PM   #69 
     - Are you arguing against yourself?  A Simple Game   Jul-18-11 07:22 PM   #82 
        - Gosh, are you really having that much difficulty understanding this?  Cronus Protagonist   Jul-20-11 01:29 PM   #86 
  - I don't know where this rich will suffer meme got started, do you have a source?  A Simple Game   Jul-18-11 06:10 PM   #81 
  - I'd rather see a total default than a partial default on Social Security.  JDPriestly   Jul-18-11 12:27 AM   #43 
     - The GOP is fracturing...  nadinbrzezinski   Jul-18-11 12:36 AM   #49 
        - I'm in California.  JDPriestly   Jul-18-11 01:55 AM   #52 
           - There are way too many parallels to 1859  nadinbrzezinski   Jul-18-11 02:00 AM   #53 
              - True.  JDPriestly   Jul-18-11 02:33 AM   #55 
                 - Yep, and of course we have those who think  nadinbrzezinski   Jul-18-11 02:53 AM   #56 
                    - If social programs are cut more than they have been, we will  JDPriestly   Jul-18-11 01:00 PM   #60 
                       - Multiply what you saw by orders of magnitude  nadinbrzezinski   Jul-18-11 01:34 PM   #68 
                       - Unfortunately, I fear that you are right.  JDPriestly   Jul-18-11 08:32 PM   #85 
                       - They will not default.  Cronus Protagonist   Jul-18-11 02:04 PM   #70 
  - Freedom is just another word for _______ ____ __ ____.  napoleon_in_rags   Jul-17-11 10:22 PM   #3 
  - Wrong. Interest rates will jump up, which will impact anyone  pnwmom   Jul-17-11 10:23 PM   #4 
  - WRONG. It will not impact me.  Cronus Protagonist   Jul-17-11 10:34 PM   #8 
  - You think food is expensive right now?  nadinbrzezinski   Jul-17-11 10:40 PM   #15 
  - Irellevant.  Cronus Protagonist   Jul-17-11 11:00 PM   #19 
  - Oh, so you don't eat food? Or pay for electricity? Or gasoline?  pnwmom   Jul-17-11 11:04 PM   #23 
  - Again, you are being taken in by shrewd manipulation  Cronus Protagonist   Jul-17-11 11:05 PM   #25 
     - Maybe you should read your OP. You claim that the wealthy  pnwmom   Jul-17-11 11:07 PM   #27 
        - They would lose more dollars than the rest of us combined  Cronus Protagonist   Jul-17-11 11:59 PM   #37 
        - They will lose dollars they don't need to survive. And many of them  pnwmom   Jul-18-11 01:34 AM   #50 
           - Exactly, the only thing that may hurt the wealthy is if the dollar loses most of it's value.  A Simple Game   Jul-18-11 07:37 PM   #83 
        - The people who own the debt are wealthy.  JDPriestly   Jul-18-11 12:34 AM   #48 
           - "They buy bonds to avoid paying taxes on their profits"  former9thward   Jul-18-11 02:16 PM   #76 
              - They don't have to pay federal taxes on their state bond earnings I believe.  JDPriestly   Jul-18-11 05:31 PM   #80 
  - How many defaults have you lived through?  nadinbrzezinski   Jul-17-11 11:13 PM   #30 
     - It won't happen.  Cronus Protagonist   Jul-18-11 12:00 AM   #38 
        - Tell that to Carter  nadinbrzezinski   Jul-18-11 12:28 AM   #44 
  - double post  Cronus Protagonist   Jul-17-11 11:00 PM   #20 
  - True. Farmers will be delighted.  JDPriestly   Jul-18-11 12:30 AM   #47 
  - No, you're not thinking this out. People with plenty of money  pnwmom   Jul-17-11 11:02 PM   #21 
  - They will not let it default, ergo your complaint is moot  Cronus Protagonist   Jul-17-11 11:04 PM   #24 
     - Your whole premise is wrong. "Who loses the most" isn't  pnwmom   Jul-17-11 11:05 PM   #26 
  - While I agree that the debt ceiling WILL get raised (to protect the wealthy), you would be impacted  metalbot   Jul-18-11 01:09 PM   #63 
  - If you agree it will get raised, and it will, the gloom and doom scenario is moot  Cronus Protagonist   Jul-18-11 02:05 PM   #71 
  - Your post here proves without question that you have no clue...  JuniperLea   Jul-18-11 02:30 PM   #78 
  - That is true unless they are bondholders.  JDPriestly   Jul-18-11 12:30 AM   #46 
  - How many countries hold US Dollars in their reserves  FreakinDJ   Jul-17-11 10:26 PM   #5 
  - It doesn't matter, the Republcians will RAISE THE LIMIT!  Cronus Protagonist   Jul-17-11 10:36 PM   #10 
     - Agreed - it is "Brinkmenship"  FreakinDJ   Jul-17-11 10:42 PM   #16 
  - Big business will ring their collective necks thin if they allow a default. n/t  deacon   Jul-17-11 10:36 PM   #9 
  - And they ARE big business, ergo they WILL NOT LET IT DEFAULT!  Cronus Protagonist   Jul-17-11 10:38 PM   #12 
  - Their bluff is ridiculously transparent.  pa28   Jul-17-11 10:36 PM   #11 
  - Our own side are also the RICH and own lots of stock and such like  Cronus Protagonist   Jul-17-11 10:40 PM   #14 
  - You are very right on this issue.  pa28   Jul-18-11 12:03 AM   #41 
  - They are smart enough to be rich, smart enough to have power, but  A Simple Game   Jul-18-11 07:47 PM   #84 
  - And Obama called the bluff with one of his own  DearAbby   Jul-18-11 01:11 PM   #64 
  - SOME Rich Repigs Will Make a Killing on their Ultrashort ETFs  AndyTiedye   Jul-17-11 10:53 PM   #17 
  - Either they will make a killing, or they will at least be buffered  pnwmom   Jul-17-11 11:09 PM   #28 
  - I Know. The Repigs are Practicing the Snidely Whipsnade School of Politics  AndyTiedye   Jul-17-11 11:14 PM   #31 
  - if this happens, the destruction will PALE in comparison to the Bush recession..  Incitatus   Jul-17-11 11:17 PM   #33 
  - Personally, I'm learning to speak Spanish.  Speck Tater   Jul-17-11 10:56 PM   #18 
  - Have we ever not raised it? Lets try defaulting for a change...  Historic NY   Jul-17-11 11:16 PM   #32 
  - The stock market certainly doesn't believe there's any real chance of default.  kenny blankenship   Jul-17-11 11:33 PM   #34 
  - They know that, I do, and now the rest of DU does  Cronus Protagonist   Jul-18-11 12:01 AM   #39 
  - Exactly. How many times have we been told that the markets will recoil if they just  Marr   Jul-18-11 01:11 PM   #65 
     - I am so glad that you see that too  Cronus Protagonist   Jul-18-11 02:06 PM   #72 
  - You're WRONG! Wealthy people will be able to weather the storm and/or  napi21   Jul-17-11 11:57 PM   #35 
  - +1. The percentage will be much higher for those that already can't afford things.  Dawgs   Jul-18-11 07:44 AM   #58 
  - media whores will blame it on democrats.  pansypoo53219   Jul-18-11 12:01 AM   #40 
  - The real rich are who the Washington GOP serves.  MilesColtrane   Jul-18-11 12:10 AM   #42 
  - "ergo", I like that. Short, sweet, and to the point.  Major Hogwash   Jul-18-11 01:41 AM   #51 
  - Thats the way it should have been since the beginning  MouseFitzgerald   Jul-18-11 02:01 AM   #54 
  - Sanity doesn't sell detergent and Dove, which is why all you hear about is armageddon  Cronus Protagonist   Jul-18-11 02:11 PM   #75 
  - Like your idea of letting them vote on it, but you couldn't be more wrong about who loses the most.  Dawgs   Jul-18-11 07:45 AM   #59 
  - I saw that almost from Day One.  closeupready   Jul-18-11 01:02 PM   #61 
  - hoooooo boy, look at what you started  fascisthunter   Jul-18-11 01:07 PM   #62 
  - The rich have the assets to ride out any collapse.  JoePhilly   Jul-18-11 01:12 PM   #66 
  - There will not be any collapse at all  Cronus Protagonist   Jul-18-11 02:07 PM   #73 
     - Which should also be said of your OP then I guess ... its moot.  JoePhilly   Jul-18-11 02:24 PM   #77 
  - Very common mistake  Spike89   Jul-18-11 01:26 PM   #67 
     - Yes, but because the people in power will lose a LOT, they will NOT let it default  Cronus Protagonist   Jul-18-11 02:09 PM   #74 
        - That's incorrect.  JoePhilly   Jul-18-11 02:30 PM   #79 

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