posted on Oct, 9 2013 @ 11:28 PM
reply to post by darkbake
I would rather they default now that wait for Obamacare to bankrupt the nation later.'
The sooner we take the pain the sooner we can recover. It's coming either way.
That may be true - in fact I'm inclined to agree with you - but in the meantime, if we suddenly hit this wall, people aren't going to be getting paid
the money they need to survive.
No doubt more than a few of Washington's elite will try to dance round this disturbing statistic: The total number of Americans receiving some
form of government assistance has surpassed 128 million. That's more than 1 in 3.
So for one thing, we do have a lot of people on government assistance, around 33%, that are going to be out of money all of a sudden and may not be
able to afford food, gas, or other essentials.
Besides the fact that there are a lot of people on government assistance, there are also people who do need assistance in order to have a quality
life. As a religious person, I would assume that would be a top priority for a lot of Republicans, also for me as a secular humanist, that is a high
Other than that - you have corporations and individuals and other nations who will not be receiving the interest payments they are owed. They will be
In addition, there are around 12 million government jobs, and an additional 14.6 million people employed by government contractors. In all, 12 million
+ 14.6 million + 128 million = 154 million Americans who might not be able to pay their bills in November.
So although it may be a decent argument to say we should default, it is not going to hold up very well in implementation whatsoever.
edit on 9-10-2013 by darkbake because: (no reason given)