Tea Party patriots leader likens country's default to personal bankruptcy - "Could be a good thing"

[housewolf]

It is such a min-guided and frankly, dangerous, idea to equate the finances of the US government to and individual or family finances. If an individual or family defaults on its bills, they have some time before anything bad happens, many debts can be re-negotiated, or an orderly process occurs that is structured, organized and has an experienced overseer. NONE of that for the government of the United States of America. The idea that the government should run its finances just like a family does is utterly deluded.

These people seem to think that a US default would be like someone making an economic decision to quit buying cream for their coffee and go back to buying milk because it's cheaper. It's simplistic, unthoughtful and just plain wrong thinking. Delusional, imho


from TPM
http://tpmdc.talkingpointsmemo.com/2011/07/tea-party-leaders-if-default-hurts-tea-partiers-so-be-it.php?ref=fpblg

The tea party is so hell-bent on getting America's finances in order, they're willing to suffer the personal consequences of a government default. That's according to leaders of the Tea Party Patriots, who spoke with reporters in Washington this morning as the city remains gripped in debt ceiling stalemate.

Jenny Beth Martin, a co-founder of the Tea Party Patriots (the grassrootsier wing of the movement) agreed that default -- and the requisite end in government payments for the programs that go with it -- could hurt the thousands of tea party voters she represents. But she said her members are willing to take the hit. "If it injures the people that we represent, but it's benefiting the whole country, that's what we need to be concerned about," she said.

The comments came at a meeting sponsored by the Christian Science Monitor. Martin was joined by fellow TPP co-founder Mark Meckler, who laid out view that the default terror expressed by both sides of the aisle is essentially a myth. He said that the government would still be able to pay its "sovereign obligations" if the debt ceiling isn't raised, meaning the only real hit would be to the expensive government programs tea partiers want to see slashed anyway.

...

Martin said default could be good for the country in the long-run, and said she looks to her own painful financial history as an example.

more at the link

[spanone]

1. so she thinks personal bankruptcy is a good thing?

[NYC Liberal]

2. Oh those "fiscally responsible" conservatives!

[Name removed]

3. Deleted message

Message removed by moderator. Click here to review the message board rules.

[banned from Kos]

4. Since credit would be cut off it would mean an instant 40% austerity plan

I am surprised that the Bachmanns and Rand Pauls don't openly advocate this.

[elleng]

5. Right, an orderly process occurs. Here, not so much.

[C_U_L8R]

6. once people see their 401ks go 'poof'

and everything else goes to shit, these tea baggers will be fleeing in terror
from pitchforked mobs intent on hanging them upside down in the town square.

As soon as this debt ceiling business starts costing people real money,
these tea baggers like Jenny are going are going to be in big time trouble.

Hope we don't really have to got through this.

[gratuitous]

7. Nitwit

Sure, you can say that it might be a good idea not to pay $45 to fill up your car today. Or even tomorrow. But with the gas gauge needle fluttering below "E", you're going to have to pull into the station sooner rather than later. If you don't, here's what happens: You're going to have to fill up the tank anyway, so that $45 fill-up is inevitable. If you run out of gas far from a station, you're going to have to call a tow truck, which will cost a couple hundred more dollars. Your car might also be one of those finicky high-performance models that doesn't deal well with running dry. Another several hundred or even a couple thousand dollars to fix the engine. That refusal to spend $45 has now run into a $3,000 expense. And we haven't even touched on the time lost to set things back to right or other losses due to not having a car available.

But somehow, in Ms. Martin's tiny little brain, this could be a benefit that inures to the whole country. We should really ignore people this delusional, instead of letting them run the show.

[Solly Mack]

8. Bitter fucks. Miserable, delusional, bitter. Teabagger.

[nadinbrzezinski]

9. Another example of anti intellectualism and our new

cultural revolution...

[The Magistrate]

10. Their Is No Bottom To the Foolishness Of These Creatures, Ma'am

"Democracy means my ignorance equals your knowledge"

[Warpy]

11. The total disconnect from reality is absolutely sickening

They don't have a clue that personal bankruptcy laws protect the individual against losing absolutely everything and that the recovery period is 7-10 years.

The country has no such protections. The recovery would take many decades and they will spend the rest of their lives in poverty because of it.

And stupid people love voting for stupid people so they get "representation."

This country is in serious trouble.

[Fresh_Start]

12. Don't you love it when people who went bankrupt try to tell

you they know how to manage finances?

[damntexdem]

13. The thinking of the Tea Party Traitors leaves a lot to be desired.

This is, if one considers it thinking.

[one_voice]

14. Fuck her...

She doesn't represent me and I'm NOT willing to take it. If her cult wants to take the hit, let them mail their checks back, let them agree to pay higher interest rates etc. I'll be damned if I'll let a bunch of lunatics speak for me. There's nothing about this that would benefit the whole country. The only thing it would do is keep food off the table, electric off, meds not purchased, and HURT our most vulnerable citizens all they can get their rocks off on a power trip...let me be clear

GO FUCK YOURSELF!! YOU IGNORANT BUNCH OF RACIST, HOMOPHOBIC, INTOLERANT ASSHOLES!!!

Who decided they wanted their country back during Obama's inauguration. Fuck them!

[emulatorloo]

15. This is who is in charge of the House. Nuts who think defaulting is a good idea.