Tag Archives: sovereign default

Tea Party Horror Show

What sort of person would deliberately ignore the obvious fundamental reality of any budget?

By Numerian

It’s hard to say if the Tea Party has an acknowledged leader, but someone who professes to be just that has chosen a very opportune moment to trash Speaker John Boehner’s attempts to craft legislation that would allow an increase in the debt ceiling. Judson Phillips, the CEO of Tea Party Nation, is the self-acknowledged head of the Tea Party, and in an editorial this morning in The Washington Post, he attacks Boehner’s legislation for providing “almost non-existent budget cuts.”
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Congressional Criminal Conspiracy! Defaulting when you don’t need to is a crime

By Michael Collins

If we defaulted on our debt when we were perfectly capable of paying it, we would be be prosecuted for fraud. But when Congress does it, they call it politics.

The crazies in the United States House of Representatives would have you believe it were so. They say fix that budget before we’ll raise the debt ceiling. If we don’t get our fix, they announce, there’s no deal. We’ll just default until things get straightened out. (Image: George Romero)
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