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Blowing up the Economy through Default: An Act of Terrorism?
Aren't the Republicans just terrorists for refusing to extend the debt limit and holding the country hostage? Every American will lose if they follow through on their threats as interest rates go up and people are laid off their jobs.
11 Answers
- ?Lv 510 years agoFavorite Answer
Incorrect. Republicans are simply being realist that the current path is unsustainable. Michigan didn't blow up when it shutdown, your assumption is fallacy.
- Philip McCreviceLv 710 years ago
Not extending the debt limit will not result in a default.
It will result in paying back our loans and being forced to cut spending in other areas.
You know, what the rest of us have to do when we lose our credit cards and have to cut back.
- Anonymous10 years ago
Lets just say that they are being exceedingly unAmerican for the sake of playing the dupes for a handful of outrageously unrealistic special interests.
The GOP will have to work very hard to make all of this go away before the election.
- bobemacLv 710 years ago
HEY DUDE, it's Obama that has racked up such a HUGE deficit with all his out-of-control spending, entitlements, and borrowing that is causing this mess...you CANNOT spend, borrow, and tax yourself out of debt...so if you want to "BLAME" anyone "BLAME" Obama!!!
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- ?Lv 610 years ago
Maybe not terrorism, but definitely the worst thing that could happen to us. Oh, and if government gets shut down then every public sector worker will be furloughed and lose their job, AKA a very bad thing.
- Anonymous10 years ago
Government shut down is what the economy needs to heal itself.
Interest rates will actually go down, as they did in last govt shutdown. Because investors need reassurance that US govt is serious about debt, unlike say Greek government.
- Anonymous10 years ago
i agree .
the sad part is it will hurt the elderly and infirm .
the ironic part is that the GOP , as the enablers of the zionist agenda of greed of wall street , corporations , and the bankers , are THEE biggest sucklers of the government teat , and they will lose out themselves .
- Anonymous10 years ago
the decision to default is made by the Treasury Secretary and his boss - obama.