[quote]President Obama has rejected raising America's debt ceiling for 6 weeks beyond the October 17 deadline. The compromise was put forward by congressional Republicans, who sought to win time for negotiation and avert an unprecedented US default next week.[/quote]
[url]http://rt.com/business/obama-debt-ceiling-default-018/[/url]
Fuck fuck fuck we're gonna actually default
Just political manuevering, ill be surprised if we actually default
[QUOTE=Laferio;42503818]Fuck fuck fuck we're gonna actually default[/QUOTE]
im crying. we are gonna be poor.
Man I got a surgery on the 17th I better not be waking up in an abandoned hospital amid chaos like the walking dead.
[QUOTE=OvB;42503852]Man I got a surgery on the 17th I better not be waking up in an abandoned hospital amid chaos like the walking dead.[/QUOTE]
Don't worry, you just won't be waking up.
[QUOTE=OvB;42503852]Man I got a surgery on the 17th I better not be waking up in an abandoned hospital amid chaos like the walking dead.[/QUOTE]
I thought that was 28 days later?
[QUOTE=Riller;42503868]I thought that was 28 days later?[/QUOTE]
Both, If I recall.
[quote]the world’s biggest economy could default – the first time in 225 years.[/quote]
This has probably been discussed in other threads, but has any country ever defaulted before?
Yeeeeep I knew it, I actually expected some sort of compromise to come up, but we're gonna actually default. Oh well, R.I.P America.
Americans, make your international online orders now before the US dollar takes a hit
[QUOTE=Riller;42503868]I thought that was 28 days later?[/QUOTE]
That happened in the Walking Dead too
Actually if I remember correctly Rick was unconscious for 28 days
It was a pretty obvious reference
What would happen if the US defaults? IIRC, most of the debt is owed to the people. What of the debt owed to other countries?
What is going to happen. Are hospitals and police forces going to shut down?
As a non-American, can someone please explain what is meant by 'default? Will the US be reset to its default state? That might be pretty cool. A new clean slate for the Americans. Try not to fuck it up again okay?
[QUOTE=frozensoda;42503919]What is going to happen. Are hospitals and police forces going to shut down?[/QUOTE]
No, none of that will happen. Everything will be normal, but basically we'll have another Great Depression.
[QUOTE=helpiminabox;42503888]This has probably been discussed in other threads, but has any country ever defaulted before?[/QUOTE]
I think Nauru has in the 1980s or 1990s, but that was after a mismanagement of money so impressive, it makes you guys look like amateurs.
[QUOTE=Rocko's;42503932]No, none of that will happen. Everything will be normal, but basically we'll have another Great Depression.[/QUOTE]
Well, I have made $5,600 in the last ten months. I rely on welfare at this point, and it is down for "technical problem" right now. Will welfare be cut after this? I have had an incredibly hard time finding a job, even mcdonald's is not hiring here, and it took some months for me to get that desperate.
[QUOTE=agentalexandre;42503921]As a non-American, can someone please explain what is meant by 'default? Will the US be reset to its default state? That might be pretty cool. A new clean slate for the Americans. Try not to fuck it up again okay?[/QUOTE]
A default means the inability to pay back debt.
No, fuck me. I haven't paid for my visa or plane tickets yet.
[QUOTE=agentalexandre;42503921]As a non-American, can someone please explain what is meant by 'default? Will the US be reset to its default state? That might be pretty cool. A new clean slate for the Americans. Try not to fuck it up again okay?[/QUOTE]
lol! Giving america a clean slate, similarly to tub girl watch them spray their own feces all over themselves and the world markets and make their debt even worse.
[QUOTE=DaysBefore;42503911]That happened in the Walking Dead too
Actually if I remember correctly Rick was unconscious for 28 days
It was a pretty obvious reference[/QUOTE]
I always was a little confused, which one was referencing the other?
[QUOTE=LoLWaT?;42503952]Just normal stuff.[/QUOTE]
I was referring to stuff like police and hospitals being normal, but the "great depression" part wasn't.
Fuck I was supposed to emigrate next year.
we're all gonna die
[QUOTE=Rocko's;42503932]No, none of that will happen. Everything will be normal, but basically we'll have another Great Depression.[/QUOTE]
From what ive been reading, it wont be quite that bad.
Most news sites ive read say that the affect on citizens will be similar to what happened in 2008.
My family wasnt affected at all in 2008.
News sites say that interest rates will rise, the value of the USD may drop
Oh well, when we default, no more of this bullshit ass debt ceiling. Gonna be a rough fucking time though.
[editline]12th October 2013[/editline]
[QUOTE=FordLord;42503979]From what ive been reading, it wont be quite that bad.
Most news sites ive read say that the affect on citizens will be similar to what happened in 2008.
My family wasnt affected at all in 2008.
News sites say that interest rates will rise, the value of the USD may drop[/QUOTE]
Except, what happened in 2008 will be long term. So sure, the rest of this year will be the same as 2008, but that doesn't mean it'll quickly go back to normal like it did. It'll take a long time before some sort of recovery begins.
Theirs more to this than what the article is saying, the republicans want Obama to postpone Obama Care in exchange for raising the debt ceiling and ending the government shutdown. Basically they're just holding the government hostage and trying to make him look bad.
[QUOTE=Saxon;42504055]Theirs more to this than what the article is saying, the republicans want Obama to postpone Obama Care in exchange for raising the debt ceiling and ending the government shutdown. Basically they're just holding the government hostage and trying to make him look bad.[/QUOTE]
In the end, Obama will still be made the criminal when we default. Republicans can easily say they tried and failed with him, and bail themselves out. And Obama will just be left with the mess the Republicans left him with when it comes to "who did it" for the default.
At this point I don't give a fuck who's holding the gun at who to be honest.
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