We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
Forget the NSA, MoDo has apparently developed the ability to read the Progressive mind. And it is ugly.
Kind of sums it up:
Unlike Suzanne Collins’s “The Hunger Games,” where the capital thrived as the nation withered, here, the capital withered first, as the federal city shriveled without federal funds.
I notice she doesn't speculate at all about what is happening outside the beltway. It to horrible. Without a strong centralized federal government the free market rose and the people forgot about Washington. All the liberal arts majors, law school attendees and social scientists couldn't survive in a world where people were free to not hand over their hard earned money to support them.
My take is the story has the players backward.
Irony is farmers raising the battle cry of the need to reduce the spending on food stamps, while still sucking on the teat of subsidies. (money for doing nothing, money for doing something. It's still a subsidy.) When your grain grower is banking on the Program, rather than what the crop might actually be worth.
Perhaps my understanding is faulty---in which case I'd appreciate if someone who's more knowledgeable would correct me so I'm better informed---but the chances of a real federal government default on its debts are somewhere between zero and none.
(1) The government collects somewhere in the vicinity $200-250 billion a month in taxes, while the interest payments we're obligated to pay are 10X smaller, around $20-25 billion a month. In other words, lost in the heated political rhetoric is the fact that there's way MORE than enough tax money available for the US to pay all the bondholders what we owe them.
(2) A large part of the national debt is money "we" owe ourselves, actually money that the federal government owes the Social Security Trust Fund. If the Obama misAdministration were to pay back some of that debt by agreeing to reduce some discretionary funding to 2007-8 levels, the outstanding debt would be lower, the Treasury Department would have corresponding head room to go out and borrow from outside lenders, and there would be absolutely NO need to raise the debt ceiling.
Unfortunately for America, this would require the Dems to set their priorities straight on spending and, like the adults they are not, they'd have to offer to cooperate with the Republicans to get us back on course to a balanced federal budget. A certain dickh%%d in the Oval Office is not about to agree to that.
You are absolutely correct. "...the chances of a real federal government default on its debts are somewhere between zero and none." You could even say that the chances of the federal government spendng money to put up barricades to streets, parking lots and open area parks in a shutdown is somewhere between zero to none as well. But yet they did it. They did it to spite their nose (or more accurately the citizens nose). They may well default on our debt if that's what it takes to throw a tantrum at the White House. But make no mistake they still won't take down Michelle Obama's website or interfere with Obama's golf games.