Monday, September 30, 2013

Americas debt ceiling

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 (1911 views)
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5 thoughts on “Americas debt ceiling

  • 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.

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  • ” 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.

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

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  • 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.

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  • 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.

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