Kasz216 on 30 July 2011
| Mr Khan said: It all depends on who receives the blame for the default, if the default occurs. I remember a few weeks back public sympathy was against the Republicans as far as blame on the debt ceiling talks, but who knows which way everything will swing? If Obama gets shackled with the title of "let the country go broke," then yes, he'll fall in with the other presidents who oversaw economic disaster and fell, namely Hoover and Van Buren way back when |
Default isn't the real issue. Even fi we don't default we are losing a triple A rating unless we cut 4 trillion from the budget.
While the economy has been in a recessionary trend for the last 6 months.
The Debt ceiling is just the red herring issue everyone has been focusing on.
