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(BTW, is Rand Paul is referring to Bill O Reilly's beliefs when he was talking about bestiality. More about the GOP here. More about Bill O'Reilly here.)
BTW:
Important Republican Party Position: McConnel admits that making sure Barack Hussein Obama is a one term President is his primary political goal. This means that the worse the economy is the better chances are that Obama will be a one term president. i.e. Bad Economy = Good for GOP
Rather than defaulting on debts it makes more sense to raise the ceiling and solve the budget problem. THEN, over time, the debt will decrease if that is how the budget is balanced.
Extract From:
[Case Study] Political Nonsense of the Debt Ceiling "Debate"
Here is the plan Mitch McConnel came up with...
2. "The reason default is no better idea today than when Newt Gengrich tried it in 1995, is it destroys your brand [i.e. America's credit rating] and would give the president the opportunity to blame Republicans for bad economy" - Defaulting was seriously tried by Newt in 1995.
3. "Look, he owns the economy. He's been in office almost 3 years now and we refuse to let him entice us into co-ownership of a bad economy" McConnel - The co-ownership is referring to the United states economy.
Notes:
- US TV News Media: Fox News Echo Chambers
- {The "war party" side has taken it's demonization to new levels... well, they are the War Party. What did you expect? Help?}
On Gold:
Fear created by Debt Ceiling haggling in the US dropped the dollar and boosted the price of gold. As the BBC reports; "The price of gold has risen to a fresh all-time high of $1,594.16 an ounce, and the dollar has fallen, on concerns the US may default on its debts."
Moment of Zen On The Stock Market