Republicans Hate America...What Default Means

[wizstars]

We know the Right-Wing/Tea-Potty crowd hates the idea that the Chinese own us, by virtue of their holding so much of our government's debt. Wanna see their heads explode? Explain to them what will happen when the U.S. defaults on that debt. Our credit is downgraded. That will mean the US Government has to pay more $$ in interest to its bondholders. The cost of that additional interest will be in the scores, perhaps hundreds of billions of dollars.

A gigantic chunk of that money will be paid to China.

Is that what they want--to be paying billions more to one of our greatest competitors?? They must really hate America if they want to do that!


:crazy: :crazy: :crazy: :crazy: :crazy: :crazy: :crazy:

[no_hypocrisy]

1. I knew a RW nut who flippantly said that this country just shouldn't pay back

China, like you think you can stiff a credit card company -- and nothing will happen. He just refused to listen to the prospect of serious consequences.

[killbotfactory]

2. The US paying higher interest on our debts just gives them another excuse

To demand we gut social programs like SS.