Comments on: I still think… https://thenewneo.com/2011/07/25/i-still-think/ A blog about political change, among other things Wed, 27 Jul 2011 15:07:52 +0000 hourly 1 https://wordpress.org/?v=7.0.2 By: Don Carlos https://thenewneo.com/2011/07/25/i-still-think/#comment-257477 Wed, 27 Jul 2011 15:07:52 +0000 http://neoneocon.com/?p=8226#comment-257477 Further to my comments yesterday about the ratings agencies, see this (vindication) by Jenkins in today’s WSJ:

http://online.wsj.com/article/SB10001424053111903591104576469923832521268.html?mod=djemEditorialPage_h

]]> By: rickl https://thenewneo.com/2011/07/25/i-still-think/#comment-257380 Tue, 26 Jul 2011 22:57:35 +0000 http://neoneocon.com/?p=8226#comment-257380 I think Obama wants a default. It would be another crisis that he won’t let go to waste.

Of course, refusal to raise the debt ceiling does not automatically mean default. There will still be enough tax revenue coming in to pay the interest. In that case, it would force other cuts in government spending.

Similarly, an individual or family who maxes out their credit cards doesn’t automatically have to declare bankruptcy. They can prioritize their spending, cutting things like restaurant meals, vacations, and cable TV in order to meet their obligations like mortgage payments and utility bills.

But I’m not so sure Obama would take that course. Remember the GM and Chrysler bondholders?

]]> By: Baklava https://thenewneo.com/2011/07/25/i-still-think/#comment-257354 Tue, 26 Jul 2011 19:56:59 +0000 http://neoneocon.com/?p=8226#comment-257354 🙂

No? 🙂 But I wanted to hear what you think (after the speeches).

In time? It was supposed to be by Sunday night for the Asian markets. HA !

]]> By: Artfldgr https://thenewneo.com/2011/07/25/i-still-think/#comment-257351 Tue, 26 Jul 2011 19:40:41 +0000 http://neoneocon.com/?p=8226#comment-257351 interesting video as to the general condition

The Agenda – Grinding America Down
http://www.youtube.com/watch?v=xQf_QfitmKE

[i dont necessarily agree with what i post, i go for interest and getting people to think outside what they tell you to think]

]]> By: neo-neocon https://thenewneo.com/2011/07/25/i-still-think/#comment-257312 Tue, 26 Jul 2011 17:49:47 +0000 http://neoneocon.com/?p=8226#comment-257312 Baklava: as I wrote in today’s post, I didn’t listen to them. And I suppose it depends what the meaning of “in time” is. But yes, I do. Although I’m not especially known for accurate prognostication.

]]> By: Baklava https://thenewneo.com/2011/07/25/i-still-think/#comment-257308 Tue, 26 Jul 2011 17:34:55 +0000 http://neoneocon.com/?p=8226#comment-257308 Neo,

After listening to the speeches last night do you still think it’ll be resolved in time?

]]> By: Baklava https://thenewneo.com/2011/07/25/i-still-think/#comment-257307 Tue, 26 Jul 2011 17:24:21 +0000 http://neoneocon.com/?p=8226#comment-257307 Powerline Blogs’ $100,000 contest winner coming soon. Check out this video

http://sistertoldjah.com/archives/2011/07/26/the-debt-star/

]]> By: Artfldgr https://thenewneo.com/2011/07/25/i-still-think/#comment-257306 Tue, 26 Jul 2011 17:11:36 +0000 http://neoneocon.com/?p=8226#comment-257306 SteveH,
if the wheels are coming off the bus, then all the bodies underneath will lubricate the way…

]]> By: SteveH https://thenewneo.com/2011/07/25/i-still-think/#comment-257283 Tue, 26 Jul 2011 12:01:52 +0000 http://neoneocon.com/?p=8226#comment-257283 You simply can’t negotiate with a sociopath so lacking in empathy that he has no problem throwing the whole country under the bus if he thinks it can be spun in the media to benefit him personally.

]]> By: gogo https://thenewneo.com/2011/07/25/i-still-think/#comment-257263 Tue, 26 Jul 2011 06:06:02 +0000 http://neoneocon.com/?p=8226#comment-257263 Curtis is correct.
There will be no deal because Obama doesn’t want a deal.
Crisis after crisis until America falls is Obama’s goal.
.

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