Quantcast
Connect with us

Sen. DeMint ‘willing’ to cause ‘serious disruptions’ to U.S. economy

Published

on

Sen. Jim DeMint (R-S.C.) said last night during an appearance on the conservative Fox Business channel that he is “willing” to cause “serious disruptions” to the U.S. economy in order to maintain the nation’s debt limit.

“The reason the president hasn’t addressed the issue even though we knew it was facing us, and this is the fourth time he’s asked for an increase in the debt limit, he has been burning time — that’s what Biden was supposed to do is get the Republicans behind closed doors — is burn the clock up until we have a crisis,” he told Judge Napolitano, Fox Business’s libertarian host.

“So now we’re at the point where there would have to be some serious disruptions in order not to raise it. I’m willing to do that, I just don’t think we can find enough of Republicans and Democrats to say it’s time to stop spending.”

Republicans have been holding the U.S. debt limit extension hostage in Congress, pressing the potential for a government default in August. During the Bush administration, those same lawmakers voted 19 times in favor of increasing the nation’s debt limit, ramping it up by nearly $4 trillion to support the wars and other new spending, virtually all of which was handled on credit.

If the government defaults, America’s credit worthiness would be significantly impacted, Social Security payments would be frozen, the nation’s gross domestic product would tumble and active duty soldiers would not receive their paychecks. Many economists warn that it could even spark another global financial crisis of greater magnitude than the 2008 credit collapse, which led to President George W. Bush initiating the massive bank bailouts.

This video is from Fox News, broadcast Wednesday, July 6, 2011.

ADVERTISEMENT

(H/T: Think Progress)

Report typos and corrections to [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Longtime Ohio news anchor retires after dispute with Sinclair Broadcasting over forced pro-Trump commentaries

Published

on

Rob Braun, a fixture on local Cincinnati television for over 35 years, is retiring after stating it was "time to move on" because "I don't fit well with the Sinclair News model," reports WVXU.

The reports states that Braun -- the dean of Cincinnati's WKRC news broadcasting -- made the comments on his Facebook page and assured loyal fans that he was not fired by the conservative news organization.

In a Facebook post, he wrote: "I want you to know that I am not retiring. Ch 12 is NOT forcing me out. In fact, they offered me a generous contract. I am choosing to leave. There is no 'real story but .... Sometimes in life, you just know, it's time to move on. I don't feel I fit well with the Sinclair News model."

Continue Reading

Facebook

Downed drone was some 34 km (21 miles) from Iran coast: US general

Published

on

A US spy drone was some 34 kilometers (21 miles) from the nearest point in Iran when it was shot down over the Strait of Hormuz by an Iranian surface-to-air missile Thursday, a US general said.

"This dangerous and escalatory attack was irresponsible and occurred in the vicinity of established air corridors between Dubai, UAE, and Oman, possibly endangering innocent civilians," said Lieutenant General Joseph Guastella, who commands US air forces in the region.

The Pentagon released a graphic pinpointing the position of the drone on a map of the Strait of Hormuz, the strategic passage through which much of the world's oil passes.

Continue Reading
 

Breaking Banner

Alex Jones attacks Sandy Hook families’ lawyer as a ‘little white Jewboy’ in latest unhinged outburst

Published

on

Alex Jones is dealing with ongoing legal battles with families of victims and survivors of the Sandy Hook Elementary School shooting.

Jones is being accused of sending child pornography to the families and leading an ongoing attack on the families using his InfoWars network. However, his legal defense seems to hinge on attacking the plaintiffs' attorney, AboveTheLaw reported Thursday.

It was the child pornography that prompted Jones to lose his mind over attorney Chris Mattei. During the discovery phase of the trial, Mattei found the images and contacted the FBI, which he is required to do by law. But it sent Jones into an outright ragegasm in a video that was shown in court.

Continue Reading
 
 

Copyright © 2019 Raw Story Media, Inc. PO Box 21050, Washington, D.C. 20009 | Masthead | Privacy Policy | For corrections or concerns, please email [email protected]

I need your help.

Investigating Trump's henchmen is a full time job, and I'm trying to bring in new team members to do more exclusive reports. We have more stories coming you'll love. Join me and help restore the power of hard-hitting progressive journalism.

TAKE A LOOK
close-link

Investigating Trump is a full-time job, and I want to add new team members to do more exclusive reports. We have stories coming you'll love. Join me and go ad-free, while restoring the power of hard-hitting progressive journalism.

TAKE A LOOK
close-link