Republicans question U.S. debt Armageddon warnings

http://www.reuters.com/article/2011/05/18/usa-debt-payments-idUSN1826198520110518

<snip>

"If a bond holder misses a payment for a day or two or three or four, what is more important (is) that you're putting the government in a materially better position to be able to pay their bonds later on," (House Budget Committee Chairman Paul) Ryan said on CNBC.

Dan Ripp, an analyst with securities firm Bradley Woods, said bond markets would likely remain calm if the Treasury Department was forced to issue IOUs to federal employees or cut back on Medicare payments to doctors, as long as it continued to make its debt payments.

But the country's credit rating could permanently suffer if Treasury was forced to miss bond payments, even if only for a day or two, as it would blemish a perfect repayment record that goes back more than 200 years.

"When you have a perfect record and then it's not perfect, you can't go back to perfect again," Ripp said.

*end of excerpt*

Ryan and the Republicans are idiotic liars. End of story.

Ignorant assholes.

Both sides play the same game. Nothing new about this.

I await evidence. Thank you kindly.

eta: My bad. Obama voted against raising the debt ceiling in 2006. Link below:

http://www.thefiscaltimes.com/Articles/2011/04/13/Debt-Limit-Democrat-Manchin-Says-Thumbs-Down.aspx

wouldn't that improve my ability to pay later?

Now, I want the Repukes to explain that to the credit agencies on my behalf.

What idiots! Too dysfunctional to be considered liars.