Replies to post #103229 on Intel Corp (INTC)

[The Duke of URL]

While one who sings with his tongue on fire
Gargles in the rat race choir
Bent out of shape from society’s pliers
Cares not to come up any higher
But rather get you down in the hole
That he’s in

But I mean no harm nor put fault
On anyone that lives in a vault
But it’s alright, Ma, if I can’t please him

[wbmw]

OK Dukey, how about I keep running up the bill on my credit card, then vote myself a credit limit increase?

The proper metaphor would be to vote for yourself the opportunity to pay off the credit card by taking out another bank loan with lower interest, and longer-term repayment options.

To your point, it helps you to pay off the credit card, but you're still in debt.

However, fail to pay off the credit card altogether, then Duke has a point, and you're in default.

[Elmer Phud]

Does it really matter what the credit rating is when the Fed is buying the debt?

[Windsock]

The debt ceiling has nothing to do with increasing the "increasing your credit limit". It has everything to do with paying commitments for current bills and obligations that were all approved by the US Congress.


Any suggestion otherwise is just buying into the ultra-right wing insanity. Even the old guard conservatives think that the ultra-right is barking at the moon crazy.