Credit Defalt Tax: Payable to Corporations, Not the Government!

[Blue State Bandit]

Has anyone else noticed this? Republicans crow about fiscal responsibility. Nothing new there. And we've all heard about Grover Norquist's bathtub fantasy. But this is new.

The default of the US Government will raise prices on everything. It's been described as a backdoor tax. But it is not payable to the IRS. It doesn't go to funding entitlement programs, road construction, veterans benefits, or law enforcement. It goes to the banks in the form of higher loan interest rates. It goes to insurance companies in the form of higher premiums to insure workers and assets. It goes to airlines (and not the passengers) when the FAA can't collect taxes on ticketing.

Has it occurred to anyone that this may be the reason behind the reason for the Tea Party's intransigence? It's a win/win/win for them.

1) They get what they want at the negotiating table and gut government. Corps step in.
2) They get to force a default. Corps raise interest rates across the board. Riots break out. Corps step in.
3) Either way, Corps step in.

That's not to say that this is it. There is a 4.

4)Add 10. Prepare for Impeachment battle on OUR terms.

We rally behind Obama for being impeached for saving the country, and the fiscal waste of conducting an impeachment, and threaten reopening some cases against the last administration (a boy can dream right?).

Note: 4+10=Constitutional!