On 7/29/2011 7:22 AM, Swingman wrote:
On 7/28/2011 11:12 PM, Lew Hodgett wrote:
The Congress will not pass a bill to raise the federal debt by
08/02/2011.

As a result, President Obama will execute an executive order to raise
the federal debt on 08/02/2011 per terms of the 14th amendment.

Obama will not allow default to happen.

There will be NO "default" regardless of what Obama, congress, et al
says/does and despite what the rating agencies may proffer (which is
strictly opinion with no legal weight), all this is strictly political
theater.

The reality is that you are being strummed like an out of tune guitar ...



Exactly, they will simply print more money and water down the dollar
even more.