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10-09-2013, 06:35 AM
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Pride of the Neighborhood
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Join Date: Feb 2007
Posts: 6,166
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We Can't Default On Our Loans
The monthly interest payment on our national debt is $18 billion. Our federal government takes in $220 billion a month in taxes. The law requires the fed to pay the interest on our debt before anything else. "The law requires" is a relative term to this White House I know, but nevertheless this is the case. Defaulting on our debts is a lie. It's not going to happen.
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When a newspaper posed the question, "What's Wrong with the World?" G. K. Chesterton reputedly wrote a brief letter in response: "Dear Sirs: I am. Sincerely Yours, G. K. Chesterton." That is the attitude of someone who has grasped the message of Jesus.
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10-09-2013, 07:29 AM
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Registered Member
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Join Date: Apr 2007
Location: Wisconsin
Posts: 11,467
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Re: We Can't Default On Our Loans
Quote:
Originally Posted by deacon blues
The monthly interest payment on our national debt is $18 billion. Our federal government takes in $220 billion a month in taxes. The law requires the fed to pay the interest on our debt before anything else. "The law requires" is a relative term to this White House I know, but nevertheless this is the case. Defaulting on our debts is a lie. It's not going to happen.
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"The law requires" is only fudged on when it pertains to our personal freedoms. 
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Those who say it cannot be done should not interrupt the people doing it. ~Chinese Proverb
When I was young and clever, I wanted to change the world. Now that I am older and wiser, I strive to change myself. ~
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10-09-2013, 09:13 AM
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Registered Member
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Join Date: Feb 2009
Posts: 17,807
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Re: We Can't Default On Our Loans
My Congressman, David Schweikert, has been on this the past few days. Saw him again on CNN last night, correcting the host on the issue of what default really means and that we have plenty to pay the interest and will continue to pay interest even if we do not raise the debt ceiling.
There will NOT be a default. I wish the idiots in the msm would tell the truth and help educate people, instead of propagating lies and dumbing down the electorate. But that's what helps make people vote for Democrats.
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10-09-2013, 01:59 PM
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Registered Member
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Join Date: Feb 2009
Posts: 17,807
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Re: We Can't Default On Our Loans
I love this! Moody's sent out a memo today refuting obama and the Spite House's claim that not raising the debt ceiling would be catastrophic and cause us to default on our loans.
Quote:
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” We believe the government would continue to pay interest and principal on its debt even in the event that the debt limit is not raised, leaving its creditworthiness intact,” the memo says. “The debt limit restricts government expenditures to the amount of its incoming revenues; it does not prohibit the government from servicing its debt. There is no direct connection between the debt limit (actually the exhaustion of the Treasury’s extraordinary measures to raise funds) and a default.
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BOOM! 
I wish the lame stream media would report the truth about this.
Source Link
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10-09-2013, 04:24 PM
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Registered Member
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Join Date: Jul 2010
Posts: 3,270
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Re: We Can't Default On Our Loans
Quote:
Originally Posted by n david
I love this! Moody's sent out a memo today refuting obama and the Spite House's claim that not raising the debt ceiling would be catastrophic and cause us to default on our loans.
BOOM!
I wish the lame stream media would report the truth about this.
Source Link |
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10-09-2013, 05:36 PM
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Pride of the Neighborhood
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Join Date: Feb 2007
Posts: 6,166
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Re: We Can't Default On Our Loans
Quote:
Originally Posted by n david
I love this! Moody's sent out a memo today refuting obama and the Spite House's claim that not raising the debt ceiling would be catastrophic and cause us to default on our loans.
BOOM!
I wish the lame stream media would report the truth about this.
Source Link |
Where's Light, Dedicated Mind, et al???
Great info! Thanks for the link!
__________________
When a newspaper posed the question, "What's Wrong with the World?" G. K. Chesterton reputedly wrote a brief letter in response: "Dear Sirs: I am. Sincerely Yours, G. K. Chesterton." That is the attitude of someone who has grasped the message of Jesus.
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10-09-2013, 07:27 PM
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Registered Member
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Join Date: May 2007
Posts: 3,711
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Re: We Can't Default On Our Loans
go ahead and default, obama will pay social security and medicare while making drastic cuts to defense. who is going to prioritize spending when there isn't enough to spend on everything? your daddy obama that is who.
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10-09-2013, 07:49 PM
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Registered Member
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Join Date: Jun 2011
Posts: 10,073
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Re: We Can't Default On Our Loans
Quote:
Originally Posted by Dedicated Mind
go ahead and default, obama will pay social security and medicare while making drastic cuts to defense. who is going to prioritize spending when there isn't enough to spend on everything? your daddy obama that is who.
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Please cite the article in the Constitution where the president has power to spend the money.
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10-09-2013, 07:50 PM
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Registered Member
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Join Date: Jun 2011
Posts: 10,073
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Re: We Can't Default On Our Loans
Quote:
Originally Posted by deacon blues
Where's Light, Dedicated Mind, et al???
Great info! Thanks for the link!
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Obama at 37% approval. We are so winning this fight.
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10-16-2013, 09:31 AM
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Not riding the train
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Join Date: Mar 2007
Posts: 48,544
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Re: We Can't Default On Our Loans
Quote:
Tuesday's show: Default hysteria.
Hour 1: What the ruling class calls a “breakthrough” is more likely the end of the line for liberty.
Constitution Weekly looks at default & debt ceiling madness with Michael Peroutka of the Institute on the Constitution.
http://stevedeace.com/headline/deace...cast-10-15-13/
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Better to start at 13:21 marker.
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Last edited by Pressing-On; 10-16-2013 at 09:42 AM.
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