Question: “What Is The ‘Tea Party’?” Answer: “King Solomon’s ‘Cut The Baby In Half If I Can’t Have It All’ Mock-Mother”! The Tea Party Is More Than Willing To Destroy America To Get What They Want – Pejoratives Don’t Do Them Justice! But Any Subset Of This 21st Century Republican Party, That Can Nuke The Entire GOP, Can’t Be All-Bad – Carry On, Wackos! PARTIAL POSTING!@

 

PLAYING WITH NUCLEAR WEAPONS

 

Fitch Places U.S.’ ‘AAA’ On

Rating Watch Negative

“Although Fitch continues to believe that the debt ceiling will be raised soon, the political brinkmanship and reduced financing flexibility could increase the risk of a U.S. Default. The U.S. risks being forced to incur widespread delays of payments to suppliers and employees, as well as Social Security payments to citizens – all of which would damage the perception of U.S. sovereign creditworthiness and the economy.” – The Last Word With Lawrence O’Donnell, October 15, 2013.

 

LAWRENCE O’DONNELL: Jared, we saw last week – in one day – the cost of short-term borrowing to the Treasury DOUBLE! A cost that I think most Republican members in the House of Representatives don’t even know about.

 

JARED BERNSTEIN: Exactly! And that cost continues to go up. This is exactly what you would expect if we start fooling around with the Debt Ceiling.

 

It’s called a RISK PREMIUM, and it means that anyone, who considers lending to the U.S. government, historically the safest creditor in the World, would want to see some extra points, if you will, on their interest rate in order to be covered for the kind of risks that folks like Mr. Yoho were just talking about.

 

 

Let’s be very clear about how wrong he is on that point. What he’s talking about is something called “Prioritization”. The Argument is that the Treasury can pay some bills but not others. It is ABSOLUTELY FALSE that the Treasury can do that even with its Creditors, even with folks to whom it owes interest payments because there could easily be a day – Mark will back me up on this – where cash flow is less than the interest payments that have to go out that day! And at that point, you are technically in default!

 

 

 

MARK PATTERSON, Former Treasury Dept. Chief Of Staff: Jared is absolutely right. But I want to say something else. There’s something even scarier, Lawrence. And that is if we’ve passed this date, and the Treasury Department is left with no borrowing authority, you could have a situation where people, whose debt is maturing each week, decide to take their money elsewhere because they’re spooked, because they’re afraid of what’s happening in the U.S., because they’re losing confidence in the U.S.

 

 

And that would be a situation kind of like if you are a homeowner and all your credit was cut off, and suddenly the Bank says, “You have to pay off your card today in full! You have no cash to do it. That’s the situation the U.S. would be in if Investors did not ‘rollover their debt’, which is reinvest in Treasuries when their Treasuries mature.”

 

 


http://www.financeformulas.net/Risk-Premium.html

 

 

WHO ARE THESE GUYS?

 

“And we saw a large negative economic impact from the last Debt Ceiling impasse. We can’t keep continuing to do this to ourselves. Even if we don’t go over the Edge, we are already hurting ourselves economically. We are already hurting the World’s confidence in our country to be able to resolve these crises. And if we keep tiptoeing up to the edge, one day we are going to go over. And that’s why I think it’s been so important for Democrats to say, “No, you get nothing! Even if it’s something we don’t care about, you can’t have anything!” because it will just encourage them to do this again and again and again… So when we think about who’s going to learn a lesson from this Crisis, I think we need to give up on the Tea Party Caucus ever learning the lesson – they are never going to learn the lesson!” – Krystal Ball

‘The LAST WORD With Lawrence O’Donnell’, October 15, 2013.

Transcribed & Edited by Tabacco because this subject is too important and currently relevant to delay while waiting for the Internet transcript.

 

 

 

@<The Rachel Maddow Show October 15, 2013>

 

As Tabacco prepares to publish today, October 16, 2013, the Rachel Maddow transcripts on the Internet only cover up to Thursday, October 10. I cannot delay another week to publish this, incomplete though it is!

 

http://www.nbcnews.com/id/32390088/

 

Democracy Now! on Link TV always publishes its transcripts on the same day as the show runs. However, MSNBC is always behind in its Internet transcripts, which is why I must sometimes transcribe parts rather than republish the whole transcript.

 

The Rachel Maddow transcript for October 15, 2013, will be republished right here when it becomes available.

 

Tabacco apologizes for this delay, but it cannot be helped. My transcribing abilities are limited. Thank you!

 

 

 

 

 

TABACCO’S SOLUTION TO

LOWER GOVERNMENT

EXPENDITURES:

 

Republicans want to CUT ENTITLEMENTS – that means Social Security, Medicare, Medicaid and other “Safety Nets” for the Middleclass and Poor! Funny how the GOP never wants to take anything from the Rich & Corporate – only from the Middleclass & Poor!

 

I have the SOLUTION: We cut back on WARS FOR PROFIT & MILITARY SPENDING!

 

That’s a Win-Win Proposition:

 

We cut government spending

 

We preserve Entitlements for those,

who need them most

 

We stop subsidizing War Profiteers

 

We obey God’s Commandment “Thou shalt not kill!”

 

We stop killing millions of people (Genocide) for Profits

 

My Proposition will never fly for Republicrats or Democans, but it is the Practical, Moral, Intelligent & Obvious Solution!

 

GREED WILL NOT PERMIT IT TO EVEN BE DISCUSSED BECAUSE THE PUBLIC WOULD AGREE WITH TABACCO, not Republicrats & Democans!

 

 

 

Tabacco: I consider myself both a funnel and a filter. I funnel information, not readily available on the Mass Media, which is ignored and/or suppressed. I filter out the irrelevancies and trivialities to save both the time and effort of my Readers and bring consternation to the enemies of Truth & Fairness! When you read Tabacco, if you don’t learn something NEW, I’ve wasted your time.

 

Tabacco is not a blogger, who thinks; I am a Thinker, who blogs. Speaking Truth to Power!

 

In 1981′s ‘Body Heat’, Kathleen Turner said, “Knowledge is power”.


T.A.B.A.C.C.O.  (Truth About Business And Congressional Crimes Organization) – Think Tank For Other 95% Of World: WTP = We The People

 

 

 

To Read Or Write Comments On This Post, Go To:

http://tabacco.t-a-b-a-c-c-o.org/?p=1798

 

To Go To The Tabacco Main Page

Listing All Posts, Go To:

www.tabacco.t-a-b-a-c-c-o.org

 

To Read Posts On My Wyandanch Blog, Go To

Wyandanch Main Page:

www.wyandanch.t-a-b-a-c-c-o.org

Subdomain re Exploited Minority Long Island community

 


 

COMMENTER’S BIBLE

 

Anyone may Comment here, but if you want your Comment published, you must obey the TABACCO RULES as stipulated in:

 

TABACCO’S RULES OF ENGAGEMENT! Most Comments Here Don’t Get Published. This Post Is Not Aimed At Those Charlatans; It is Intended To Edify My Veto Stance To The Intellectually Honest Readers Among You.

http://tabacco.t-a-b-a-c-c-o.org/?p=180

 

 

T1669\3643

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