Carney admitted today that we only begin the process of risking default on August 2nd when we lose our borrowing authority, but we won’t necessarily default on that day. Well that clears things up:
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Fool me once, sham on you, fool me twice, sham on me, fool the american people more than 100 times, sham on our government.
A fool can only fool some of the people some of the time 🙂
Shame on the fool.
I’m confused. Why is this news? Who didn’t know this?
Did anyone think Geithner was going to hold a press conference on August 3rd and tell people in plain English that he was not going to pay the interest on the debt?
I’ll tell you who didn’t know this. All of those American dolts you’ve been speaking about all day, along with a couple of others!
Here’s a newsflash! You underestimate them, why not here as well? Are they all of a sudden smarter than you’ve been saying? Here’s a word for you Jaynie…consistency.
Sometimes you rebutt yourself. This is a good example of that.
All of the American dolts still don’t know anything about this and they won’t until it affects them personally. When it does affect them personally they’ll get Chris Matthews’ “truth” about the cause of it. And they’ll believe it.
People who have been following this story should have known this. There is no switch that is going to be pulled on August 3rd.
But it does prove my point that most people are just plain stupid. Even people who are knee deep in this “debate” are such shallow thinkers that this is some kind of revelation to them.
Carney didn’t “admit” anything. It’s the same thing Bachmann, Palin, and many others have been saying for weeks.
One more thing.
Try to remember that most people do not read ANYTHING on the internet. We tend to think if we know something, it must be common knowledge. It doesn’t work that way and it especially doesn’t work that way on the internet.
Go read any random comment at Mediate.
I think that’s exactly what’s been put out there: that August 3rd means we’re in deep crap. I’ve heard that in interviews as just a starting point for questions, as though it’s an understood fact.
The politicians know that they people don’t waste much time studying these matters, and that’s why you get the arrogant “You don’t understand. I handle this for you.” stuff. ‘Cause there’s a grain of truth in it.
The fact that Carney just did something aside from reinforce it takes away some of the “journalists'” plausible deniability.
Everytime I turn around I hear some media talking head (doesn’t matter which network) say “The August 2nd deadline …….when we default on our debt.” I find myself screaming at the TV or the Radio, “NO IT ISN’T, it’s the debt ceiling”. They have all been trying to beat that message into our heads, that one minute after midnight Aug 2nd ,that’s it kids the sky has fallen.
August 2 the whole world will end right Jay? You and your boss are lost.
This is great…everytime Obama gives a ‘new’ speech, he shows his a$$. By next election, he’s done!
Carey’s admission is also a public admission that Obama has been scaring old folks about the SS checks and veterans and their families about theirs’. He did this all for political gain, ZERO to do with our economy.
Help me out here. We need to borrow money to pay back monies we borrowed. How am I doing so far? If we don’t borrow more money to pay back monies we borrowed, it will be harder to get credit to borrow more money to pay back money we don’t have, so we can borrow more money we need to pay back money we borrowed to supplant the money we spend on money we need to borrow to pay…….am I close?
Kinda like making a payment on a credit card by charging it to another credit card or kiting checks, people are in jail for kiting checks. How about the states lotterys, used to be called the numbers game, people are in jail for that. How about Social Security which used to be called a Ponzi scheme, people are in jail for that. How about the TSA pat downs, which used to be calles sexual assault, people are in jail for that. Hope I helped you see things clearer.
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