Republicans Clueless on Cost of Default

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Uploaded by on Jun 28, 2011

On Morning Joe, former Minnesota Governor Tim Pawlenty and RNC Chair Reince Preibus claimed that there was no way to know the consequences of a failure to raise the debt limit. While they may be at a loss to explain the consequences, many business leaders and fellow Republicans know what's at stake.

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  • @Caleb6543 the dems have also offered a deal where there were 3 dollars in spending cuts for every 1 dollar in revenue increases (taxes on the rich) and the republicans refused. Your obviously misinformed. The republicans are the ones who won't compromise.

  • ~~~President Obama, WE THE PEOPLE, ask that you call the Republicans' BLUFF on the debt ceiling issue. We ask that NO changes be made to MEDICARE & SOCIAL SECURITY BENEFITS. We ask for an END to CORPORATE WELFARE & CORPORATE TAX LOOP HOLES. We ask that you make use of the JUSTICE DEPARTRMENT. We ask that you PROSECUTE WALL STREET CRIMINALS & their REPUBLICAN ENABLERS. **NO MORE CONCESSIONS, NO MORE HALF MEASURES... IT'S TIME TO DO WHAT IS RIGHT AND LET THE CHIPS FALL WHERE THEY MAY.

  • We don't have a debt crisis. What we have is a spending crisis.

  • @Caleb6543.... Because Dems have already given in on the tax cuts . . . and The Repubs aren't willing to give on anything. More tax cuts for the rich and corporations . . . while cutting necessary domestic programs for the middle class and poor ? " It would be good for the image " of the Republicans to put their country above their ideology AND their politics.

  • Well, why don't you Democrats be the hero and skip raising taxes and make a few cuts? It would be good for your image to put your country above your politics. If the consequences are so dire, wouldn't compromising with the Republicans be worth it for the nation?

  • The debt needs to be sorted out to find out how much of it is fraud. I have a feeling companies like Haliburton still owe us money. The part of the debt that is interest should be looked into also. A full accounting needs to take place and given to the American people to decide if the debt is legitimate. Otherwise our kids will be paying for con artists manipulations.

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