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Author Topic:   United States Debt Default
Malvern
Junior Member (Idle past 3589 days)
Posts: 20
From: Mesopotamia, Ohio USA
Joined: 04-22-2011


Message 36 of 211 (624523)
07-18-2011 2:06 PM
Reply to: Message 26 by jar
07-16-2011 2:00 PM


Re: Possible
The issue is the monies needed for government to actually do anything. If the debt ceiling does not get raised then a lot of the current non debt related commitments, Social Security retirement benefits, military salaries, government workers salaries, the Federal parts of unemployment insurance, the US postal service might not go out after August 3rd.

Pay the military! Pay the military! Pay the military!

If Congress is stupid enough to go into default, then there's someone in the military stupid enough to park his tank on the Capitol steps and demand his paycheck.

(:raig


This message is a reply to:
 Message 26 by jar, posted 07-16-2011 2:00 PM jar has replied

Replies to this message:
 Message 37 by jar, posted 07-18-2011 2:09 PM Malvern has taken no action

  
Malvern
Junior Member (Idle past 3589 days)
Posts: 20
From: Mesopotamia, Ohio USA
Joined: 04-22-2011


Message 41 of 211 (624542)
07-18-2011 3:16 PM
Reply to: Message 39 by jar
07-18-2011 2:21 PM


Re: Possible
There is a historical precedent for my remarks, Jar. It was called the "Bonus Army" of World War I vets who descended on Washington as the Great Depression was in full swing, demanding jobs and other government aid and benefits. What they got were clubs, rifle butts and tear gas, with none other then Douglas MacArthur, the Army Chief of Staff, expelling them from town.

(:raig


This message is a reply to:
 Message 39 by jar, posted 07-18-2011 2:21 PM jar has replied

Replies to this message:
 Message 46 by jar, posted 07-18-2011 4:42 PM Malvern has taken no action

  
Malvern
Junior Member (Idle past 3589 days)
Posts: 20
From: Mesopotamia, Ohio USA
Joined: 04-22-2011


Message 43 of 211 (624546)
07-18-2011 3:36 PM
Reply to: Message 42 by Taq
07-18-2011 3:28 PM


Re: Possible
...and the ripple effects would be immediate. What percentage of a hospital's income, ANY hospital, comes from Medicare and Medicaid payments. And there are how many EMPLOYED people in the health care industry?

(:raig


This message is a reply to:
 Message 42 by Taq, posted 07-18-2011 3:28 PM Taq has taken no action

  
Malvern
Junior Member (Idle past 3589 days)
Posts: 20
From: Mesopotamia, Ohio USA
Joined: 04-22-2011


Message 51 of 211 (624670)
07-19-2011 10:14 AM
Reply to: Message 49 by crashfrog
07-18-2011 10:48 PM


Re: Possible
Speaking of constitutional oversite, can Congress REALLY kick the responsibility and authority of raising the debt ceiling over to the President without actually voting on it themselves? Isn't the Legislative branch mandated by the constitution to vote on money matters, and not the Executive?

(:raig


This message is a reply to:
 Message 49 by crashfrog, posted 07-18-2011 10:48 PM crashfrog has replied

Replies to this message:
 Message 52 by jar, posted 07-19-2011 10:23 AM Malvern has taken no action
 Message 54 by crashfrog, posted 07-19-2011 11:54 AM Malvern has taken no action

  
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