Monday, January 14, 2013

More Engineered Doom

Republican hubris on spending cuts: a character flaw that will ruin America | Heidi Moore | Comment is free | guardian.co.uk
President Obama scheduled a press conference Monday morning to warn Republicans that America is "not a deadbeat nation". That's more of a hopeful statement than a definitive one.

Obama may hope that the US is not a deadbeat nation; the truth is, though, that we won't really know that until a few weeks from now, when the US treasury is set to run out of money. At that point, as Obama pointed out, government checks will dry up: there will be no social security payments, paychecks for troops, or tax refunds...

If the GOP thinks they will escape the blame, they are sadly mistaken.

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