"Right-wing nutters in the US threaten world economy."

[vlad y]

Not raising the debt ceiling doesn't mean the US will default on it's debts. We have to pay the debts and cut out spending on other shit. Even Obama knows this which is why he has threatened to withhold social security payments.

[claudett0829]

Maybe, but credentials still don't equal wisdom; also, there are plenty of credentialed people who disagree with him. So you must have some qualification for backing up what this man says; and how are you any more qualified to agree with the man than AL is to disagree with him?

Especially given that your recent comments in another thread suggest that you don't understand an economic concept as fundamental as the difference between government jobs funded by taxes and private-sector jobs funded by wealth creation. I don't think you have much of a leg to stand on here.

[tanya]

Translation: Silly fucking Liberal.


[Edit]

BTW, where was he a "professor" at? I didn't see where that was mentioned in wiki (and I didn't bother looking anywhere else). Seems he is mainly private sector job person or politician, not a professor.

[5dfggf4f]

well apparently a lot of them go out august 7th or so...like in the tens of billion dollar range...

[yellowstonedogs]

No it won't.

All transfer payments do is move money around by taking it from people who save and make investments and giving it to people who spend it on new rims and breeding genetically inferior crotchfruit that end up going to prison or working for the government, or do nothing at all.

Welfare is essentially a system of a dysgenic nature that populates America with the botched and the bungled at the expense of the productive and creative.

[hiro]

Who do you think would buy that shit if noone could pay for it? That's right, nobody would. Companies would go out of business for lack of customers, and the economy would tank because we are a consumer nation.

You are such a fucking derp it's delicious.

[LuckyLudivine]

Economic advisor to Kenya. I guess they got what they paid for

[Benjamin B]

Ron Paul's rebuttle

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[farah_ruff88]

The "world economy" is essentially a global credit bubble doubling as a vehicle of wealth transfer. If the US Gov cares to save it's own sovereignty it must preemptively default and burst the bubble before all of it's citizens' wealth has been liquidated and stolen.

[Ling]

Obama?