Monday, Sep 30, 2013

Americas debt ceiling

Guardian: US government on verge of shutdown as House votes to delay health law

Republicans are threatening to refuse to lift the ceiling unless Obamacare is reigned back, which could mean the US Treasury would be forced to default on its debt payments.

Posted by happy mondays @ 11:18 AM (1865 views)
Add Comment
Report Article

5 Comments

1. mark wadsworth said...

Oh, they do this every few years those Yanks, it's all just bluster.

As soon as the Rep's say "Cut Obamacare" the Dem's say "OK then, but we'll cut your lovely farm subsidies as well, that'll save a few dollars" and then they shake hands and make up and continue their merry spending plans.

And debt repayments is the last thing they would default on.

Monday, September 30, 2013 12:12PM Report Comment
 

2. Lolprechter said...

" which could mean the US Treasury would be forced to default on its debt payments."


Mainstream media hype. There is no chance of that happening.

Monday, September 30, 2013 12:30PM Report Comment
 

3. alan said...

Does that mean a period without the USA droning people, financially cheating them or the NSA reading their Facebook pages?

Monday, September 30, 2013 06:27PM Report Comment
 

4. alan said...

Once the debt ceiling is raised in the way MW outlined above, the pensions industry of the USA will be targetted.

The government will increase the amount of money which needs to be kept in US bonds (currently delivering very low returns). Insurance companies will have little alternative but to comply and watch their clients get screwed.

Monday, September 30, 2013 06:49PM Report Comment
 

5. icarus said...

There WAS a shutdown of large parts of the Federal government in 1995-6 (but true, no default).

Alan - "Does that mean a period without the USA droning people, financially cheating them or the NSA reading their Facebook pages?"

No, it was only services deemed 'non-essential' that were shut down.

Monday, September 30, 2013 07:18PM Report Comment
 

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines
Username  
Admin Password
Email Address
Comments

Main Blog | Archive | Add Article | Blog Policies