Page 2 - Risk Default News Today

Every taxpayer in the u.s.? $166,000. the reason i say taxpayer is because those are the folks who will end up footing the tax. >> sandra: ari fleisher former press secretary during the bush year, frequent guest on this program. heres what he had to say. time to abolish the debt limit. raise it this fall and eliminate it. what does it accomplish other than risk default and showdown. >> all due respect to ari, but no, no, no. like theres one kind of qasi break. we publicly embarrass congress if t...

Kill a bill already passed by congress and refuse to pay bills already run up by the congress in an attempt to basically risk default. this is an attempt to destroy all we know of as the republican form of government in this country with the purpose i dont know the purpose. what is it? >> beats the hell out of me. but i think that the probably the best explanation is that these guys are catering to the most strident voices in their party. i think cruz is a very ambitious guy. hes been in iowa, g...

In addition to their vowshut do american government, the government wouldnt be able to pay its debts and would go into default. it would destroy the united states credit rating and send us spooirg into default. this is cruzs operation. this is more than obstructionism, this is political terrorism, a strategy of mass destruction and demolition with a hope after the rubble is settled theyll be the ones left around to pick up the pieces. david axe rod and steve schmidt is a republican strategist. d...

Schmidt. david, first your view. i believe its terrorism. this is the first time ive seen a political party or even a fraction of it saying their number one goal is "a," to shut down the american government. and it is the american government. kill a bill already passed by congress and refuse to pay bills already run up by the congress in an attempt to basically risk default. this is an attempt to destroy all we know of as the republican form of government in this country with the purpose i dont ...

Prescribe from time to time. thats pretty broad. so according to current existing law, and this is actually true, the government could, for instance, strike a coin tomorrow at the united states mint at west point and as long as it was platinum, the secretary of treasury could decree that this new coin was worth $1 trillion. doing so would solve a really big problem thats looming on the horizon. secretary of treasury could then take the $1 trillion coin, deposit in its account at the federal rese...

Bills and risk default. >> the public posturing continued into the night last night. but now as congress prepares to work through the weekend and those backroom negotiations continue at a furious pace. >> despite this bipartisan support for the deal, its a deal nobody wants to take credit for. >> reporter: president obama today didnt praise the deal, only expressed relief. >> all eyes will be on the stock market tomorrow, after the s&ps announcement friday night of the unprecedented downgrade of...

Conversation was somewhat similar to what were discussing about reagan. i mean, he did use tax increases. they were called fees in massachusetts to help close the budget loophole. that is,, you know -- and thats caused him a lot of problems with his conservative base and its something hes generally shied away from talking about, because like every other republican on the stage, hes said he wouldnt vote for a debt ceiling increase that was 10 to one spending cuts versus tax hikes. yes, the evolut...