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Wed, Oct. 9th, 2013, 12:32 pm
The best way this could end, for most of those concerned.

I'm not saying that Obama *is* playing ten-dimensional chess, but if he *were* the timeline might look like this:

October 17th:  America hits its debt limit.  The markets freak out.

October 21st (the next Monday): Obama announces a meeting with Asian leaders including Chinese Premier Li Keqiang and Japanese Prime minister Shinzō Abe, saying that the American/Asian summit can no longer wait for the government to re-open.

October 22nd:  Obama announce the forgiveness of $2 trillion dollars of debt in return for concessions involving Nepal and islands such as Midway and Taiwan.  The debt limit is no longer a factor.  In fact, because of the lower debt we now have lower interest payments and are no longer running a deficit.  With the stroke of a pen the US is now running a surplus.

October 29th:  Thoroughly humiliated, Speaker of the House John Boehner kills himself in an incident involving a tanning bed and auto-erotic asphyxiation.  The House votes to re-open the government.

October 31st:  Children are sent trick-or-treating for Halloween with the added warning to not take too much candy or the ghost of John Boehner will take their government away.

Wed, Oct. 9th, 2013 05:38 pm (UTC)
seawasp

Could he actually do that? Or does that require that pesky thing called "Congress" to agree to his ridiculous ideas of lower deficits and -- especially -- conceding any territory to the COMMIES?

Wed, Oct. 9th, 2013 07:02 pm (UTC)
kgbooklog

IIRC, treaties are ratified by just the Senate. Can't remember if it needs more than a majority or not.

Wed, Oct. 9th, 2013 08:24 pm (UTC)
bemused_leftist

Dunno, I'm too busy imagining Daddy Warbucks backing Boener, hoping for "US default condition" -- so he can get "high risk" interest on his bonds.

Wed, Oct. 9th, 2013 09:11 pm (UTC)
terrycloth

If he already has the bonds, making them higher interest makes them worth less since the final value is fixed.

Wed, Oct. 9th, 2013 10:14 pm (UTC)
bemused_leftist

The next bonds he buys, may be issued with higher interest rates. Especially if some foreign investors have been scared off, making it more of a buyers' market for US investors. It will also scare off some naive US investors, who don't know that as soon as Daddy Warbucks wants to cash in his bonds, he will instruct Boener (or whichever Republican replaces Boener) to pay them. FTM, it may scare off some canny US investors who aren't Warbucks' cronies, because they know Warbucks may instruct the following GOP Congress to pay only Warbucks-Cronies's bonds,

Wed, Oct. 9th, 2013 10:17 pm (UTC)
bemused_leftist

In fact, because of the lower debt we now have lower interest payments and are no longer running a deficit. With the stroke of a pen the US is now running a surplus.

Which President Jeb Bush can then spend, like President George W. Bush spent the surplus that Bill Clinton left in 2000.