Will the US default? What will happen if it does?

I don’t know if these continuing episodes of the Perils of Pauline are just there to sell newspapers or whether there is more to it and the US might really default on its debt but this is where we are right now. From The Washington Post:

A campaign to persuade House Republicans to lift the federal debt limit collapsed in humiliating failure Tuesday, leaving Washington careering toward a critical deadline just two days away, with no clear plan for avoiding a government default.

Senate leaders quickly moved to pick up the pieces, saying they were “optimistic” that they could reach agreement to advance an alternative proposal that would raise the debt limit through Feb. 7 and end a government shutdown, now in its third week.

But it was unclear whether a deal struck by Senate Majority Leader Harry M. Reid (D-Nev.) and Minority Leader Mitch McConnell (R-Ky.) could pass the Senate before the Treasury Department exhausts its borrowing power Thursday.

So far as principle goes, the imperative of getting the US budget under control seems straightforward enough. But the politics for the President and the Democrats, looking forward to the elections 12 months from now, are much less certain. And with the possibility that the President – being a Bill Ayres protege and all – would actually prefer to harm the US than help it to prosper, what will happen and how it will unfold remains a mystery.

But at some stage either spending is going to start tapering off or the debt limit will not be increased is a certainty. Whether this is the moment is the question, and with the President adamant about maintaining the level of spending – and therefore allowing debt to keep on rising – who knows? This may be the moment we find out what happens if the US is even technically able to default on its debt and then what happens if it does. Stay tuned.

This entry was posted in Economics and economy, International. Bookmark the permalink.

77 Responses to Will the US default? What will happen if it does?

  1. H B Bear

    The Magic Negro better pull a rabbit out of the hat.

  2. Bruce

    The US is constitutionally unable to default under section 4 of the 14th Amendment. If the debt ceiling is not lifted then repayment of debt is the last thing to be cut after entitlements. The only way the US can default is if the regime illegally orders Treasury to fail to pay coupon payments or principle when due.

    If the regime so orders it would be very interesting to see if Treasury accedes to the illegal order.

  3. C.L.

    You’re right that this is – or should become – a red letter moment in US history.

    The debt has to stop.

    Might as well start now. What has to end is the idea that you can go on avoiding pain by putting everything on the never-never. America has to crash and burn to some extent.

    Gutsy, principled stance from the Cruz GOP.

  4. Makka

    Republicans will cave at the death knock. Obama will give a presser, all smiles and smug. The tea party journo’s will go bat shit screeching down the airwaves. Lefty MSM will spend months rolling out their anti-commonsense propaganda .So ends another sad chapter in the U.S. slomo trainwreck into the Debt toilet.

  5. Biota

    This is part of a lengthy post on a techno blog that might be interesting. It is by a Russian who spent many years in the US working on software development.

    … tax structures in the US long ago became impossibly punitive for anyone who wants to undertake large projects where there is a great technical cascade. It’s been decades since such work has been economically efficient to do in the US against foreign competitors, which is one reason why so many industries for which R&D is portable have long ago left the US. They don’t usually talk about the degree to which they depend upon foreign software and engineering but that’s been very much the thing for over 20 years now. If it took until the early 1980’s to completely hollow out Silicon Valley as a place for hardware the process went far faster with software. As early as the early 1990’s I remember speaking with a venture capital friend who remarked that whenever they got a business plan involving the actual creation of software (already a warning sign to them…) they’d automatically ask, “so, where are your programmers? India or Russia?”

    What’s changed more recently is that it used to be much easier for US-based companies to do development outside the US to take advantage of foreign skills no longer available in sufficient quantity in the US while also organizing as multiple entities so that the big cascades of technical creation so punitively taxed in the US could be economically efficiently accomplished in pro-business countries. That was nothing more than applying in the software development world the same internationalization efficiency of moving production to pro-business countries in manufacturing that saw so much of US manufacturing move from the US. That’s changed.

    The last few years have seen a jihad launched in Washington against anyone who has the sense to plan their business affairs to locate in pro-business countries so anyone who is located in a pro-business country has had to take very, very strict measures to keep anything in the US at arm’s-length distance. Smart companies saw that coming a long time ago and long ago, years ago, made sure they had no ties whatsoever that would show any tax nexus with the US. The current situation is that the Administration has actually pleaded in tax court that if an employee of a foreign company visits the US on a personal vacation and that employee makes phone calls in the US in which he or she discusses company business that should subject the foreign company to US tax jurisdiction. As a means of discouraging investment in the US by successful foreign companies, you can’t do any worse than to tell them if they visit and use their cell phones their worldwide income now must be filed on a US corporate tax return.

  6. Tom

    So the entire US political establishment is directing all its energy and venom to portray the group that wants to rein in out-of-control government spending as radicals, even though they are the only force in this stalemate acting with the intent of those who wrote the US Constitution: that is, government is a potentially malevolent force that needs to be kept under a tight rein. This really is the Alamo between the Constitutionalists and the banditry, led by the incumbent president.

  7. harrys on the boat

    Unfortunately Makka has perfectly summarised what will happen.

  8. This may be the moment we find out what happens if the US is even technically able to default on its debt and then what happens if it does. Stay tuned.

    What a jolly jape this is to Steve K: a painless experiment in apocalypse economics, happening an ocean away to strangers but engineered by fellow travellers to himself, so he’s A-okay with it appearing on his plasma TV as light entertainment.

    Steve, this also may be the moment that you and many other Australians get to experience a recession for the first time in over 20 years, if Cruz drags us all down the hell hole.

    This really is the Alamo between the Constitutionalists and the banditry, led by the incumbent president.

    Custer lost that one, as Cruz will lose this one. Hopefully he won’t suffer exactly the same fate.

    Too bad the victorious Lakota and Cheyenne weren’t feeling respectful after wiping out his command in what’s now Montana on June 25, 1876. They not only punctured the dead Custer’s eardrums because he “wouldn’t listen,” but — in a detail long suppressed by decorum — jammed an arrow up the corpse’s penis.

  9. Driftforge

    Best possible outcome is they don’t budge, and don’t raise the limit. Budget balance in one step, chaos for a year, rebuilding strongly thereafter.

  10. Driftforge

    Steve, this also may be the moment that you and many other Australians get to experience a recession for the first time in over 20 years, if Cruz drags us all down the hell hole.

    Another fool who thinks that a recession is the worst that can happen.

  11. Another fool who thinks that a recession is the worst that can happen.

    Another fool who thinks recession will cure our problems, like bleeding with leeches in olden times.

  12. C.L.

    … a recession for the first time in over 20 years …

    The last one – ahoy, Paul Keating – was the worst since the 1930s.

    It has since become a lefty orthodoxy to lionise this disaster as “the recession we had to have.”

  13. Tony N

    “Another fool who thinks that a recession is the worst that can happen.”

    Nah, recessions are piddling. What we need is a full blown depression like the one my late father lived through. On a more serious note, with a debt default not having occurred in the US for over 200 years, as I am told, can anyone be certain of its consequence? This is what Fox Business says:

    http://www.foxbusiness.com/personal-finance/2013/10/15/what-debt-ceiling-default-would-do-to-your-debt/?intcmp=trending

  14. Tony N

    “The last one – ahoy, Paul Keating – was the worst since the 1930s”

    I am told that 1961, 1974 and 1982 were worse. Who am I to believe?

    “It has since become a lefty orthodoxy to lionise this disaster as “the recession we had to have.””

    This bloke seems to agree with him. Once again who am I to believe?

    http://www.smh.com.au/news/business/keating-got-it-right-in-recession-macfarlane/2006/12/01/1164777793017.html

  15. Alfonso

    The only way out long term for the US is something like an Overseas debt dollar, into which all OS held govt bond issues are converted and a new backed US domestic dollar for use in the US and for new debt. The Chinese are then holding paper whose value is directly denominated by the US treasury. There would be much angst….but the only way out for the yanks is the default you’re having by another name, the debt if left to run free and financed by Xerox will crush America.

  16. Makka

    “1974 and 1982 were worse. Who am I to believe?”

    http://1.bp.blogspot.com/_hv95seM_RAI/TL4hfb1yNDI/AAAAAAAAAD4/suN5cQI0ml4/s1600/USAUUnem19482010.png

    ’94 was worse than ’75 IMO. Huge swathes of manufacturing jobs wiped out.

  17. Brian of Moorabbin

    This really is the Alamo between the Constitutionalists and the banditry, led by the incumbent president.

    Custer lost that one, as Cruz will lose this one.

    Custer wasn’t at the Alamo you dickhead. The Alamo happened in 1836, and Custer was born in 1839…

    FMD mOnty, do at least a little bit of basic research before you make an absolute fucking clown of yourself…

  18. A recession is not the worst that can happen. Greece is the worst that can happen. 30% lost GDP and still falling. A balanced budget done with zero planning with no wiggle room and no warning, a sudden super-sequester, could do the same for America.

  19. LOL Brian, but the Texans didn’t win the battle of the Alamo either, so I’m not sure what Tom hoped to achieve with that analogy.

  20. Brian of Moorabbin

    LOL mOnty is proved wrong again, but waves it off as being someone else’s fault.

    Leftism to a T. It’s always everyone else’s fault….

  21. james

    Monty if you failed any harder they would be writing books about it. Good to see that your utter ignorance of US history extends beyond the civil war.

  22. Tony N

    “94 was worse than ’75 IMO. Huge swathes of manufacturing jobs wiped out.”

    Once again who do I believe? I guess it depends on how you define “worse’ in respect to recessions.

    http://www.smh.com.au/national/australia-dodged-recession-but-growth-estimates-haunt-20120926-26lih.html

  23. james

    And monty, you might want to reflect that modern Greece is not the result of a balanced budget but of a lack of one.

  24. Empire Strikes Back

    Biota at 3:52 pm

    How depressing. Would you mind providing a link for that piece? Thx.

  25. This really is the Alamo between the Constitutionalists and the banditry, led by the incumbent president.

    The more I unpack this analogy of Tom’s, the dumber it looks. The Battle of the Alamo was fought between the Mexican Army, defending their new constitution, and the Texians, who were treated effectively as “banditry” and routed down to the last man. Yet Tom is trying to make the analogy to support his position?

    So what, the GOP is going to be slaughtered and their bodies burned, and yay conservatism? Someone explain how this is good for your side, please.

  26. Custer wasn’t at the Alamo you dickhead. The Alamo happened in 1836, and Custer was born in 1839…

    That error of fact was as obvious as dogs’ balls. As punishment, Monty should be made to walk from Montana to Texas. The message won’t get through, but we’ll enjoy it all the same.

  27. I’ll walk from anywhere to Texas if Romney becomes President, as every last man jack of you predicted.

  28. Makka

    “Once again who do I believe? ”

    NFI Tony. But I was present at both so that’s why I said IMO.

  29. Jannie

    The USA government has to pay something like 250 billion per year to service their debts. They have revenue of something like 3 trillion per year. Um, is there a problem?

  30. Barnaby was right after all.

    I see the barnabyisright.com dude has chosen now to take a sabbatical from his blog. Evidently he was discouraged by Barnaby approving the sale of two massive NT cattle stations to Indonesia.

  31. C.L.

    Custer lost that one, as Cruz will lose this one.

    LOL.

  32. The Magic Negro better pull a rabbit out of the hat.

    This is the sort of comment that drove Spot the Dog away from the Cat.

  33. Tony N

    “NFI Tony. But I was present at both so that’s why I said IMO.”

    Fair enough. I believe you when you say you found that period the toughest to get through. At the end of the day we can only draw on how these things affect us personally.

  34. C.L.

    “Magic Negro” is a literary type in American culture, Abu (see The Green Mile).

    The phrase was applied to mock Obama’s disciples who have a reverse-racist view of his special powers. It is a perfectly legitimate and, indeed, telling usage.

  35. Mk50 of Brisbane, Henchman to the VRWC

    OK. The two ideologically identical wings of the US all-power-to-the-centre power-elite squabble in the collapsing temple of the Third US Republic.

    So what?

    Seriously, that’s precisely what one expects, and what outcome they patch up does not really matter. How and what triggers the event that lead to development of the Fourth US Republic is the really interesting thing to watch for. The crash-and-burn is inevitable, it’s really just a matter of when and how bad.

    Hmm. An overweening, bloated and hugely centralised government run by a self-selected and self-supporting aristocratic powr-elite is collapsing as we watch from the other side of the planet.

    Nothing much we can do or say really. Our biggest worry is that a similarly inept bunch of fools just squandered all our national financial capability on a giant pissup and we don’t have the financial reserves to protect ourselves – or to arm up fast in case it all goes very pear shaped.

  36. Tel

    Barnaby was right after all.

    He was right about the debt situation.

    Ultimately you can’t fully stop international investment in Australia because anyone can set up a Pty Ltd company and shareholders could be whoever. I guess it’s a matter of managing the flow of investment and making sure that Australian law is followed. Personally I’m opposed to live meat exports but I don’t have a problem if the Indonesians want to personally supervise meat packing and handling to ensure suitable religious criteria, quality, etc.

    And no, I don’t think the overnight shutdown of live exports by the ALP was smart in any way… it’s a delicate national issue, it should be handled very slowly and carefully, with many Australians needing to have their say. If the majority support live export then I can live with being wrong on that one.

    My prediction is that the US will sooner or later use inflation to get out of their debts. It’s the only thing left open to them. They won’t call it a default, but it will feel very similar. The thing is that China (and other Asian nations) feel the need to insist that the US dollar does not devalue, so they keep stepping in to try to adjust matters… but rightfully the US dollar should devalue to rebalance the situation.

    Either that, or another major war… but let’s hope not.

  37. The USA government has to pay something like 250 billion per year to service their debts. They have revenue of something like 3 trillion per year. Um, is there a problem?

    Um, that’s 1/12th of all revenue. Nothing to see here.

  38. dover_beach

    So what, the GOP is going to be slaughtered and their bodies burned, and yay conservatism? Someone explain how this is good for your side, please.

    What flag flies over Texas now, monty?

    This is the sort of comment that drove Spot the Dog away from the Cat.

    I don’t think so. sdog would certainly have been aware its literary provenance.

  39. james

    Abu, stop being a pc bitch.

  40. “Magic Negro” is a literary type in American culture, Abu (see The Green Mile).

    The phrase was applied to mock Obama’s disciples who have a reverse-racist view of his special powers. It is a perfectly legitimate and, indeed, telling usage.

    Yes, I know. The unintended consequence is that it upset Spot, who was one of our finest contributors. I think that’s a heavy price.

  41. What flag flies over Texas now, monty?

    Right, so Ted Cruz really is going to become a martyr like Jesus through some process of Cruzifiction? That’s your theory, that the GOP has to be massacred like the Texians at the Alamo to win the war. Heckuva job, wingnut psephologists.

  42. Abu, stop being a pc bitch.

    Kiss my arse you fucking lesbian poofter.

    Better now?

  43. I don’t think so. sdog would certainly have been aware its literary provenance.

    He freaked out about it and was pissed off. After that, he stopped posting here.

  44. H B Bear

    It is a perfectly legitimate and, indeed, telling usage.

    Thanks C.L.

  45. How and what triggers the event that lead to development of the Fourth US Republic is the really interesting thing to watch for.

    Too late Mk50, it’s already here!

    You are a figure of fun, really. Your vision of the wingnut singularity is comical.

  46. Tel

    Fair to point out that the USA has a lot of other problems besides debt. Much deeper problems.

    http://reason.com/blog/2013/10/10/surveillance-video-shows-cop-hurling-wom

  47. Mk50 of Brisbane, Henchman to the VRWC

    Oh, my, Monty. How amusing. Salon. And a slobberingly kneepad-worthy piece such as they usually produce re the Preshizzle (Paco™).

    At least your record of wrongology is perfectly maintained.

    You missed the article by James V deLong, which I linked to some days ago, didn’t you?

    DO at least try and keep up with your intellectual betters, hmm?

  48. Driftforge

    Oh, the US doesn’t get to play Greece. They get to play the Fall of Rome.

    Getting the bikkies taken away this week would probably save them from the worst of it, at the cost of having what they have already laid up for themselves now.

  49. dover_beach

    Right, so Ted Cruz really is going to become a martyr…

    Your bullshittery never stops, Seppo.

  50. Tel

    You missed the article by James V deLong, which I linked to some days ago, didn’t you?

    That’s a bloody good article.

    I think his characterization of history and the present situation is excellent, his short term prognosis is very plausible, and in the long term maybe we might return to a core of Feudalism, with lip service to a formalist but meaningless Democracy and some fusion of Socialist Warfare/Welfare with an elitist noblesse oblige philosophy … not as optimistic as James V deLong I admit, but Americans are incurable optimists.

  51. You missed the article by James V deLong, which I linked to some days ago, didn’t you?

    I tend to tl;dr most of your posts, Darth 50. You do bang on a bit about the same old crap. Everyone else largely ignores your Death Star rubbish too.

    That article seems to be a weak rehash of the Salon one, with extra lack of bottle in predicting what the supposed Fourth Republic will actually be. His expectation that a third party will catalyse the singularity is laughable – let us see the Tea Party try, by all means!

  52. Seppo

    I have never been so insulted on the Cat. And that’s saying something. You take that back, db!

  53. Makka

    The USA government has to pay something like 250 billion per year to service their debts. They have revenue of something like 3 trillion per year. Um, is there a problem?”

    It’s about $415 billion actually.
    http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm

    Revenue is around $2.5 trillion actually;
    http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm

    Outstanding debt is around $16,747,411,584,091.53.
    http://www.treasurydirect.gov/NP/debt/current

    Here is the debt trajectory;
    http://en.wikipedia.org/wiki/File:Federal_Debt_Held_by_the_Public_1790-2013.png

    See that hockey stick on the right?

    So, if debt is accumulating at the rate depicted, the US has a limited number of choices;

    1) Default – won’t happen , the self nuke option.
    2) Inflate it away – last resort before 1)
    3) Muddle through and pretend – we are here. They will milk this as long as the markets allow it. This is my preferred outlook scenario and means the US grinding decline is well entrenched IMO. Pockets of excellence will be resilient such as medicine, tech and military industries. But essentially large parts of the US will ultimately resemble Rio. A real pity.

  54. Leigh Lowe

    I see the barnabyisright.com dude has chosen now to take a sabbatical from his blog. Evidently he was discouraged by Barnaby approving the sale of two massive NT cattle stations to Indonesia.

    Wake up dickhead.
    That was a deliberate poke in the eye to the anaemic tofu eaters who want to shut down our cattle industry, and a peace offering to the Indons after being fucked over by Joe Ludwig on the strength of some doctored footage on the ABC.

  55. Tel

    … and a peace offering to the Indons after being fucked over by Joe Ludwig …

    More likely a business deal in exchange for some boat-people cooperation, which isn’t entirely stupid, but doesn’t address the fundamental issues in either case.

  56. kelly liddle

    From what I understand the US can’t default on their debt any time soon because revenue far outstrips debt payments and debt payments are supposed to take precedence over any other spending. If (When based on last 62 years of bipartisan debt increases) the interest exceeds revenue then they will default. Hopefully that doesn’t happen but since there is no example in most peoples living memory it is hard to see how the American society can conceive of living within their means.

  57. kelly liddle

    Evidently he was discouraged by Barnaby approving the sale of two massive NT cattle stations to Indonesia.

    A complete non event. Lots of cattle stations have been owned by all sorts of foreigners over the years. Lets see if this mob does well because most foreigners don’t.

  58. Tom

    Seppo

    It’s only fitting, DB. After all, the fat idiot was in the US for an entire week this/last month. He’s an expert now.

    Actually, having lived in middle America for a relatively short time, I find his leftard Australian wrongology about US political culture and the US public reaction to it hysterically funny.

  59. Erick Erickson declares a fatwa on Karl Rove.

    So what good is the GOP? It is time to fight this out in primaries in 2014. Given just how poorly Crossroads performed in 2012, I like our odds with Heritage Action, Senate Conservatives Fund, Madison Project, Club for Growth, FreedomWorks, For America, and others.

    Rove’s super PAC, American Crossroads, has made noises about supporting Mitch McConnell in his primary battle against a Tea Party candidate.

    I smell cordite and napalm. It smells like Republican civil war.

    Meanwhile, the Pew poll Erickson cites has the Democrats up 6 points in congressional ballots, with Rasmussen at +7 and NBC at +8. They need +7 to retake the House, arguably.

  60. Driftforge

    The Republican Party will split, not sure of the timing. I wonder which bit will keep the name.

  61. Boambee John

    Monty:

    Actually, it was Davy Crockett, Sam Houston and Jim Bowie at the Alamo, Custer was at the Little Big Horn, some decades later!

  62. stackja

    US never defaulted on its debt?
    WASHINGTON (AP) — You hear the same proud claim every time Washington wrestles with the debt limit: The United States has never defaulted. But the record’s not that clean. America has stiffed creditors on at least two occasions.
    Once, the young nation had a dramatic excuse: The Treasury was empty, the White House and Capitol were charred ruins, even the troops fighting the War of 1812 weren’t getting paid.
    A second time, in 1979, was a back-office glitch that ended up costing taxpayers billions of dollars. The Treasury Department blamed it on a crush of paperwork partly caused by lawmakers who — this will sound familiar — bickered too long before raising the nation’s debt limit.

  63. M0nty,

    How could any of this be blamed on the Tea Party and Libertarians? The POTUS and his fellow socialists engineered this situation to force the broke middle classes to pay for the poor’s health insurance.

  64. james

    Monty the surest guarantee that the gop will not split is that you think they will.

  65. stackja

    Driftforge
    #1038207, posted on October 16, 2013 at 8:43 pm
    The Republican Party will split, not sure of the timing. I wonder which bit will keep the name.

    GOP Founding and 19th Century Founded in the Northern states in 1854 by anti-slavery activists, modernizers, ex-Whigs, and ex-Free Soilers, the Republican Party quickly became the principal opposition to the dominant Southern Democratic Party and the briefly popular Know Nothing Party. The main cause was opposition to the Kansas–Nebraska Act, which repealed the Missouri Compromise by which slavery was kept out of Kansas. The Northern Republicans saw the expansion of slavery as a great evil. The first public meeting where the name “Republican” was suggested for a new anti-slavery party was held on March 20, 1854 in a schoolhouse in Ripon, Wisconsin.

  66. Leigh Lowe

    … and a peace offering to the Indons after being fucked over by Joe Ludwig …

    More likely a business deal in exchange for some boat-people cooperation, which isn’t entirely stupid, but doesn’t address the fundamental issues in either case.

    Possibly a bit of both Tal.

  67. sunshine

    Abbott has shown that the ‘if I cant rule neither can you’ tactic can work. The integrity of our political institutions and both parties suffer ,but at election time it is the government that gets punished . Nick Minchin has recently spoken openly about how they repeatedly put winning ahead of the national interest. Just after being installed as opposition leader by one vote (P Slippers?) Abbott was asked by a kid what his job is -he replied “it is my job to oppose the government ” -nothing about the national interest there.

  68. stackja

    Liberty Quotes
    “America’s abundance was not created by public sacrifices to the common good, but by the productive genius of free men who pursued their own personal interests and the making of their own private fortunes.” — Ayn Rand

    Seems apt!

  69. Tom

    You keep railing against reality, Moonshine, though I understand how difficult it is for you to be aggressive when you live on mung beans and lentils from the local co-op. Might be better to just top yourself as it will be decades before the bogans allow the fruitcakes to ransack the national treasury again. You’re better off hyperventilating about the need to suspend democracy — a concept I know you find irresistible.

  70. Mick Gold Coast QLD

    From Makka at 3:41 pm:

    “Republicans will cave at the death knock. Obama will give a presser, all smiles and smug. The tea party journo’s will go bat shit screeching down the airwaves. Lefty MSM will spend months rolling out their anti-commonsense propaganda .So ends another sad chapter in the U.S. slomo trainwreck into the Debt toilet.”

    Makka has picked it accurately on form – same horses over the same distance, carrying the same weight and ridden by the same jockeys.

    It’s pretty much posturing (the Strong Man further cleansing Himself of Benghazi and the latest public ridiculing by Vladimir over Syria) ending with the magic negro standing aloof, chin cocked in His self anointed superiority, with the Republican’s Boner sobbing at his feet, again, for the privilege of being bathed in His most splendid aura.

  71. Leo G

    “So ends another sad chapter in the U.S. slomo trainwreck into the Debt toilet.”

    More like a relay runner sprinting toward a precipice while demanding that race officials immediately extend the mountain in time for him to pass the baton.

  72. Andrew

    Sunshine, name one thing in the national interest which Abbott666 opposed? He was actually one of the least obstructionist LOTOs the country has ever seen (notwithstanding the Leftist Meme Book). Remember all those leftist memes they made you memorise about how many pieces of legislation Gillard passed? (The stupidest fucking measure of govt success in history, which is of course why it’s in the leftist textbooks.) How the fuck do you think they all got passed?? He voted for 87% of them!

  73. iamok

    I really think we should offer Australia’s greatest living negoshiyaytuh to go and settle this once and for all. That is assuming we can wrestle her away from her riverfront mansion before the local constabulory finally come a-knocking. Or maybe the smartest man in the room will make an appearance to help move things along with some specificity. That is assuming he survives the flight attendants’ deliberately indifferent incompetence, and his many many former colleagues backing him to the hilt…

    Whatever happens you can guarantee the MSM will report the teflon POTUS coming out smelling like roses and the GOP will (continue to) be the biggest pricks of all time. It’s just another day in paradise folks.

  74. Zatara

    The Battle of the Alamo was fought between the Mexican Army, defending their new constitution, and the Texians, who were treated effectively as “banditry” and routed down to the last man.

    Actually, the Mexicans executed 342 Texan prisoners of war in cold blood.

    On the other hand, about a month later the Texans wiped out the Mexican Army and captured their President at San Jacinto. Thus ending the war and enabling the establishment of the Republic of Texas.

    13 weeks from now this battle gets re-fought.

    How about we wait until then to see how well the analogy fits?

  75. Jim Rose

    It is January 2019, the new elected Democratic Party majority in the House of Representatives is looking for ways to stop the republican president further gutting what is left of obamacare.

    1. The continuing resolution to fund the U.S. government is about to expire.
    2. The debt ceiling is approaching.

    What will the house majority leader do? Stand to principles or swap talking points with the republicans about the right of the house to defund any programme it chooses unless its conditions are met

Comments are closed.