I’ve now heard Rick Santorum and Michelle Bachman both repeat the message that failing to raise the debt ceiling does not mean the US defaults on it’s existing debt. It does mean stopping all but emergency spending, selling off assets like oil leases to raise cash, and provide a hammer to cause real spending cuts.
Orders for things the government buys would have to go on hold, pointless military interventions would have to end, unspent TARP funds would need to be taken back, 99 week unemployment Checks should stop, free breakfast and lunch at school might have to be paid for, or mom might have to stop buying crack and spend it on peanut butter and jelly.
It will also bring Tim Geithner out in the sun light so America gets familiar with the man who stampeded America off the cliff in 2008.
Again I say: maybe if they collect off all the deadbeat Dems they can keep it going for a day or so.
Stop the Presidential campaign matching designed to stop corruption since that obviously didn’t work in 2008.
And who is going to buy oil leases when they can’t drill?
And they could still declare another “kinetic action” because they don’t have to pay the soldiers, so no problem.
Right Barry?