Replies to post #103238 on Intel Corp (INTC)

[Elmer Phud]

Any suggestion otherwise is just buying into the ultra-right wing insanity.

Please refrain from partisan politics. If you have a factual point to make then by all means do so but please don't bring your partisan views and insults into it.

Please explain how a failure to raise the debt ceiling would force a default on government securities when funds are available to meet those obligations.

[Tenchu]

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.

Huh? It has everything to do with a (self-imposed) credit limit.

Of course government has bills and obligations. Without them, there wouldn't be a need for tax revenue or deficit spending.

Nothing left-wing or right-wing about it. Remember the last time the debt ceiling was lifted, Senator Obama and other Dems voted against it, while the GOP voted for it.

That makes both sides hypocrites. Business as usual in Washington. No one has the courage/insanity to allow default to happen.

Tenchu