What will happen if the Republicans refuse to raise the debt

[alfredo]

limit? What will happen to our economy? Would it be another shutdown of our government?

[lumberjack_jeff]

1. Democrats in 2012. Unless it's the product of more Obama "compromise". n/t

[emulatorloo]

2. I don't think they will default on the US's loans. How will they pay for the Rich Folks tax cuts?

They need to borrow money to pay for those tax cuts.

[Lasher]

3. No worries, the catfood commission will steal all they need from widows and orphans.

We need lots of money to give to rich people. After all, they're RICH.

[alfredo]

4. That would force a crisis which they could claim could only

be fixed by ending Social Security, Medicare, end regulation, shut down the EPA and Department of Education and Energy. Shock Doctrine at it's most vile.

[upi402]

5. Printing $ = pouring water into a bucket with a hole in it

(MSNBC's Dylan Ratigan uses that analogy)

Republicans will NOT do what needs to be done to create jobs.
Clinton Republicans failed to do it.
The country that makes things, and sell to other counties... WINS!
We will crash -NO opposition to corporatism

[Naturyl]

6. World economy will tank

Which actually would have some serious silver linings, IMO...

[alfredo]

8. The republicans nearly succeeded in 2008, I guess they

need to keep trying until they succeed. Total collapse is the only way they can do away with social programs and the still popular New Deal reforms.

[TomClash]

7. The United States would be in default on its Treasury Bills, Notes and or Bonds

Because of the interrelated global economy, these government securities are hedged and hypothecated and indexed around the world. They are in virtually every portfolio.

Think financial and economic tsunami.

[alfredo]

9. That would give the truly wealthy even more power over us.

My Bonds shuddered when the Reps won the house.