In response to:

Obama: "We Are Not a Deadbeat Nation"

Petrus64 Wrote: Jan 14, 2013 4:42 PM
"It stops when countries refuse to buy Treasuries, currently selling at historically low interest rates, a reflection of their value as seen by investors. " How blind and dumb are you? The Fed has been buying up most of the T-Bills the last 3 years.
Petrus64 Wrote: Jan 14, 2013 4:47 PM
Hello? Is this thing on?

What happened to the Trolls argument about T-Bills?

President Obama used his characteristically demagogic and dishonest press conference today to attack Republicans and insist that he will not negotiate over the impending expiration of America's debt limit.  In response to a question from NBC's Chuck Todd, Obama declined to fully rule out unilateral action on hiking the debt ceiling; he lashed out at the GOP, warning that their (popular) demand of dollar-for-dollar spending cuts could damage the economy, prevent the country from paying its bills, and further erode "the full faith and credit" of the United States: