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closeupready (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 12:31 PM Original message |
Worst case scenario: the US defaults. So what? Most of us |
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kstewart33 (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 12:34 PM Response to Original message |
1. Wow - candidly, you cannot be that stupid. |
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Cleita (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 12:35 PM Response to Original message |
2. Not good. A lot of the working class would lose |
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villager (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 12:36 PM Response to Reply #2 |
4. not saying a default is "good," but isn't the working class losing those things anyway? |
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closeupready (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 12:38 PM Response to Reply #4 |
10. Most working class are living paycheck to paycheck, and very little in their 401(k)'s. |
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Cleita (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 12:42 PM Response to Reply #10 |
18. But retirees, who do have savings, and are able to |
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rurallib (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 12:59 PM Response to Reply #18 |
25. and then they would be fighting for jobs against their grandchildren |
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villager (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 01:02 PM Response to Reply #25 |
27. I agree -- but also think all this is happening *anyway*. A "default" just speeds it up |
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rurallib (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 01:04 PM Response to Reply #27 |
31. yep |
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Cleita (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 01:02 PM Response to Reply #25 |
28. This 70+ year old is working for less than half |
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brooklynite (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 12:35 PM Response to Original message |
3. So, let's be clear. You're... |
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Liberal_Stalwart71 (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 12:37 PM Response to Original message |
5. Unrecommend for the sheer idiocy!! |
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closeupready (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 12:37 PM Response to Original message |
6. If you live paycheck to paycheck rather than underwrite, for example, food assistance programs, |
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onenote (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 12:43 PM Response to Reply #6 |
19. You are assuming you'll still have a paycheck |
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closeupready (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 12:45 PM Response to Reply #19 |
21. I was not. Many people will, though. Russia and Argentina both defaulted. |
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louis-t (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 12:37 PM Response to Original message |
7. My business would fall into ruin. |
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HappyMe (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 12:37 PM Response to Original message |
8. You can't be serious! |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 12:38 PM Response to Original message |
9. Default is one of those things that you have to realize |
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closeupready (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 12:40 PM Response to Reply #9 |
14. They are playing chicken; we need to call their bluff. |
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dgibby (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 02:32 PM Response to Reply #14 |
32. Speak for your self. |
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uppityperson (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 07:05 PM Response to Reply #14 |
38. The uber-rich can afford to make $10,000 less/month. I can't afford to make $1,000 less/month |
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reformist2 (998 posts) Send PM | Profile | Ignore | Tue Jul-26-11 12:39 PM Response to Original message |
11. If interest rates go up permanently as a result, we're screwed. |
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BlueIdaho (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 12:40 PM Response to Original message |
12. If you run a hedge fund |
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closeupready (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 12:42 PM Response to Reply #12 |
16. Oh, I know default is a big fucking deal, Yes, I do. That's why the GOP will NEVER |
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BlueIdaho (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 06:30 PM Response to Reply #16 |
33. No doubt |
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truebrit71 (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 12:40 PM Response to Original message |
13. Wall Street will never allow that to happen. Obama needs to call Boner's bluff... |
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closeupready (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 12:41 PM Response to Reply #13 |
15. Exactemente. |
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C_U_L8R (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 12:47 PM Response to Reply #13 |
22. Wall St makes their money off of movement |
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Maru Kitteh (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 12:42 PM Response to Original message |
17. Fuck that idea. My WHOLE FALMILY would be thrown into catastrophe and ruin. |
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closeupready (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 12:44 PM Response to Reply #17 |
20. If your family is Republican, is it presumptuous to think the GOP represents their interests? |
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Maru Kitteh (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 12:59 PM Response to Reply #20 |
26. My family is not Republican. Is yours? Because (R)s are the only ones saying that it |
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tpsbmam (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 12:51 PM Response to Original message |
23. Oh thanks.... |
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closeupready (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 12:54 PM Response to Reply #23 |
24. "You're not thinking this through." Yeah, maybe not. Sorry. |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 01:03 PM Response to Original message |
29. I have about $40 K in debt that is in a variable rate home equity line |
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lumberjack_jeff (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 01:03 PM Response to Original message |
30. Default will be a tragedy. |
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nadinbrzezinski (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 06:32 PM Response to Original message |
34. WOW... you can kiss good bye to a lot of suff |
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Cool Logic (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 06:47 PM Response to Original message |
35. Given that you are using the term "default," it stands to reason that you have bought what they are |
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FourScore (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 07:00 PM Response to Original message |
36. It would harm my family immensely, in many different ways. n/t |
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DFab420 (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 07:02 PM Response to Original message |
37. Do you really understand the fallout from this?? |
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TBF (1000+ posts) Send PM | Profile | Ignore | Tue Jul-26-11 07:12 PM Response to Original message |
39. I may be the only one but I agree with you - |
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