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07-30-2011, 10:51 AM
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#1
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Registered User
Fleetwood Owners Club
Join Date: Dec 2006
Location: Back in Philly for the fall heading to Sunshine before the snow flies
Posts: 1,485
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Are we all in trouble?
What's going to happen to our way of life if we default on Tuesday. Will our dollar be devalued, inflation, high interest rates? What do you think. I think it will be settled, one way or the other. 
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07-30-2011, 10:58 AM
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#2
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Senior Member
Join Date: Jan 2011
Location: Pensacola, FL
Posts: 2,457
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The bad news - If we default, the markets will get a bit crazy for awhile.
The good news - If the idiots in DC allow it to happen, maybe - just maybe - the American people will blow them all out in the next election.
The US Congress - "The Best That Money Can Buy"
(Special interest money, that is)
__________________
2008 Itasca 37H
2011 & 2012 Len & Pat's "One lap of America"
27K miles & 41 states in 13 months
 Yellowstone Lake 6-1-2012
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07-30-2011, 11:07 AM
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#3
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Senior Member
Tiffin Owners Club
Join Date: Oct 2010
Location: Cobden, IL
Posts: 219
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[QUOTE=bluepill;917357]The bad news - If we default, the markets will get a bit crazy for awhile.
The good news - If the idiots in DC allow it to happen, maybe - just maybe - the American people will blow them all out in the next election.
The US Congress - "The Best That Money Can Buy"
(Special interest money, that is)[/QUOTE
And Will Rodgers said: "It's a good thing we don't get ALL the government we pay for!"
__________________
USAF Retired
2012 Tiffin Allegro Open Road 32CA
2012 Equinox LTZ, RVI Brake System
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07-30-2011, 11:21 AM
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#4
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Moderator Emeritus
Ford Super Duty Owner
Join Date: Aug 2000
Location: Bryan, TX when not traveling.
Posts: 22,948
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Politicians are like a dirty diaper....they need to be changed often and for the same reason.
This thread will soon turn political and be shut down, so go easy folks.
Ken
__________________
Amateur Radio Operator (KE5DFR)|No Longer Full-Time! - 2023 Cougar 22MLS toted by 2022 F150, 3.5L EcoBoost Tow Max FX4 Lariat Travel with one Standard Schnauzer and one small Timneh African Gray Parrot, retired mechanical engineer
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07-30-2011, 12:49 PM
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#5
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Senior Member
National RV Owners Club Workhorse Chassis Owner
Join Date: Apr 2011
Location: Federal Way, Wa.
Posts: 2,901
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Read, ask questions, listen carefully, check facts ---then vote. Ain't this a great country---I love it so.
__________________
I do all my own stunts
03 Dolphin LX 6355, Workhorse W22, 8.1 vortec, 04 CR-V, Blue Ox, Brake Pro----Norm, Barb and
Doc(He's a PhD)
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07-30-2011, 01:06 PM
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#6
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Senior Member
Vintage RV Owners Club
Join Date: May 2011
Location: Port Hadlock, Washington
Posts: 2,855
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Personally, I'll be pretty ashamed if we just stop paying our bills.
It's not respectable, and it certainly isn't responsible.
No matter who we allowed to commit us to our creditors, we owe that money.
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07-30-2011, 01:23 PM
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#7
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Senior Member
Join Date: Jun 2010
Posts: 270
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Naaa!!! Just like in the movies ,they'll save the day at the very last minute , knowing their jobs are on the line ... 
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07-30-2011, 01:23 PM
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#8
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Senior Member
Join Date: Jul 2009
Posts: 2,864
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Isn't raising the debt ceiling limit in order to solve our financial difficulties a little like raising the illegal blood alcohol level in order to solve drunk driving problems? 
Don
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07-30-2011, 01:44 PM
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#9
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Community Administrator
Join Date: Aug 2009
Posts: 53,561
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Quote:
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Originally Posted by akadeadeye
Isn't raising the debt ceiling limit in order to solve our financial difficulties a little like raising the illegal blood alcohol level in order to solve drunk driving problems?
Don |
This alcohol has already been drunk. We're just paying our bar tab.
__________________
Cliff,Tallulah and Buddy ( 1999-2012 )
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07-30-2011, 01:44 PM
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#10
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Senior Member
Fleetwood Owners Club Solo Rvers Club
Join Date: Oct 2010
Location: Quartz Hill, California
Posts: 445
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If the congress lets the USA default, then we need a massive RECALL campaign to get rid of them.
Think about this .....576 people govern all 300 million of us. 
Thats the senate, the house, president, & supreme court.
We hired them to run things for us so we could work & play as we want. 
If they aren't doing a good enough job, fire them !!!! 
__________________
'94 Bounder 32h. Chevy V-8 44k miles and like new. Tow 4 down 2007 Saturn Vue w/Honda V6
Retired Memorial Day wknd, 2015, but who's counting 
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07-30-2011, 01:51 PM
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#11
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Senior Member
Alpine Owners Club
Join Date: Sep 2008
Location: Kansas City
Posts: 393
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Quote:
Originally Posted by akadeadeye
Isn't raising the debt ceiling limit in order to solve our financial difficulties a little like raising the illegal blood alcohol level in order to solve drunk driving problems?
Don |
No, it is exactly like calling your bank and asking to have your credit card limit raised because you want to avoid overlimit charges. It is irresponsible for the bank to allow you to go deeper into debt when you are already "maxed out" and can't meet the current monthly payments. If it were you or me, and we wanted to be responsible, we would cut down on our spending and use the money to pay down the balance or we would get a 2d job to increase our income. The easiest (and worst) thing we could do would be to simply have our credit limit raised and go further into debt.
__________________
Jaime & Dave (and our 3 cocker spaniels)
2005 Alpine Coach 36FDTS w/ 2009 Honda CR-V, Doran TPMS, Roadmaster Towbar, US Gear Braking
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07-30-2011, 02:00 PM
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#12
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Member
Join Date: Aug 2004
Posts: 53
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Quote:
Originally Posted by Dave and Jaime
No, it is exactly like calling your bank and asking to have your credit card limit raised because you want to avoid overlimit charges. It is irresponsible for the bank to allow you to go deeper into debt when you are already "maxed out" and can't meet the current monthly payments. If it were you or me, and we wanted to be responsible, we would cut down on our spending and use the money to pay down the balance or we would get a 2d job to increase our income. The easiest (and worst) thing we could do would be to simply have our credit limit raised and go further into debt.
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The same congress has already spent/incurred/contracted the bills that we have coming due. A better comparison would be if you decided you did not have enough money so you would just not pay your mortgage and utilities...that is "default" and you would have "consequences"...just a we shall in the event they do not drop there partisanship and compromise.
BTW...I do support a genuine attempt to reduce expenses...not just speeches and not using something this dangerous in an attempt to solve our issues overnight...we did not get into this overnight and we will not solve it overnight...but we must start...Thanks
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07-30-2011, 02:15 PM
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#13
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Senior Member
Solo Rvers Club iRV2 No Limits Club
Join Date: Feb 2011
Location: Yuma County, AZ
Posts: 10,869
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Quote:
Originally Posted by akadeadeye
Isn't raising the debt ceiling limit in order to solve our financial difficulties a little like raising the illegal blood alcohol level in order to solve drunk driving problems?
Don |
Well said Don!
__________________
Barb (RVM18) with Morkies Lily & Bebe RIP Sena FMCA#F466348
"Homer" ‘11 Shasta Cynara, pulling "Ranger" '97 Ford Ranger toad
The Journey is Our Destination. Full-timer May 2011 - July 2021
[SIGPIC][/SIGPIC]
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07-30-2011, 02:17 PM
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#14
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Senior Member
Vintage RV Owners Club
Join Date: May 2011
Location: Port Hadlock, Washington
Posts: 2,855
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I wonder how long a "grace period" the World will give us...
Think it'll show up with a big ol' tow truck on Wednesday?
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