Is financial default the GOP's Fort Sumter moment?

[gordianot]

After all attacking Federal facilities with cannon is a little archaic when you can go for it all the financial stability of the United States.

[mmonk]

1. High interest rates does not benefit their rulers like deregulation did.

There will be a deal or agreement to raise the debt ceiling whether through more cuts or kicking the can down the road.

[On the Road]

4. As Far as Benefiting the 'Rulers', So to Speak, It's a Mixed Bag

anyone who lends money can collect more in interest. That has been made difficult by the Fed reducing interest rates so low.

Holders of current, lower-rate bonds won't like it. The rest of industry, not so much either.

[mmonk]

5. But the rulers have held interest rates artificially low

to drive stocks into new highs they can short on a dime and rake it in. High interest rates will burst bubble economics.

[KharmaTrain]

2. More Like Stalingrad...

...and not sure who the teabaggers are...the Germans or Russians?

[dissidentboomer]

3. I think that, should we default and it's clear that the gop is

at least half responsible for the lack of a reasonable compromise, they are toast during the next elections. The pain would be wide spread.

In the long run, I think they're toast, anyway. Those of us who are sane must simply keep them from completely destroying the nation, though, before economic realities and demographics overtake them and expose their false prophets.

[DonCoquixote]

6. Fort Sumter?

These bastards never accepted Appomattox