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clogher asked in Politics & GovernmentPolitics · 10 years ago

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.

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  • ?
    Lv 5
    10 years ago
    Favorite 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.

  • 10 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.

  • Anonymous
    10 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.

  • 10 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 6
    10 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.

  • Anonymous
    10 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.

  • ?
    Lv 5
    10 years ago

    Threatening to withold little old Ladies Social Security is! & that's on Obama!

  • Anonymous
    10 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 .

  • Anonymous
    10 years ago

    the decision to default is made by the Treasury Secretary and his boss - obama.

  • Samm
    Lv 6
    10 years ago

    Fear Mongering lately much?

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