http://news.yahoo.com/obama-to-make-2-p-m--statement--take-questions-162609968.html
I dont quote yahoo as much but USAToday appears to have missed some key quotes by Bo.
President Barack Obama called an impromptu press conference Tuesday and
warned House Republicans that a first-of-its-kind U.S. default would
amount to an economic “nuclear bomb” dropped on the fragile economy.
He called that an “insane” policy that would have a “catastrophic”
impact on the economy, spreading “chaos” and even precipitating a
“worldwide catastrophe.”
To couple mainstream news with alternative news sources:
http://www.independent.co.uk/news/world/americas/get-your-fiscal-house-in-order-china-warns-us-as-asia-expresses-concern-for-13tn-of-investments-8864935.html
China, the biggest foreign creditor of the United States, has waded
into the American budget crisis, warning Congress that it must resolve
the political impasse over the debt ceiling without further delay.
The Chinese Vice Foreign Minister, Zhu Guangyao, told
America’s deadlocked politicians on Monday that “the clock is ticking”
and called on them to approve an extension of the national borrowing
limit before the federal government is projected to run out of cash on
17 October.
“We ask that the United States earnestly
takes steps to resolve in a timely way the political issues around the
debt ceiling and prevent a US debt default to ensure the safety of
Chinese investments in the United States,” Mr Zhu told reporters in
Beijing. “This is the United States’ responsibility,” he added.
Furthermore, from another alternative news source:
http://www.infowars.com/12-very-ominous-warnings-about-what-a-u-s-debt-default-would-mean-for-the-global-economy/
A U.S. debt default that lasts for more than a couple of days could
potentially cause a financial crash unlike anything that the world has
ever seen before. If the U.S. government purposely wanted to damage the
global financial system, the best way that they could do that would be
to default on U.S. debt obligations.
This site is made in honor of my Lord and Savior Jesus Christ who gave His life for me and whose blood has covered over my transgressions and thus reconciled me with the Father to whom forever be the glory!
This site contains pictures, videos, commentary, links, posts, writings,etc. meant to in one way or another, directly or indirectly lift up the Name, the ONLY name, under heaven, given to men, by which we must be saved, Jesus Christ.
The postings on this site are meant to provide the believer with uplifting testimony from the Spirit. If you are a believer and feel there is anything which may be perceived as detrimental to the cause and/or advancement of the Gospel, please let me know.
My personal writings are meant to inspire, instruct, and instill a grateful spirit, for I believe it is only right to give thanks to the One responsible for all things and to stay in constant contact with Him.
In addition, this site will in many ways help us to stay awake, as we await THE DAY! It is my firm belief that it is our generation that will come to see the events foretold and pre-ordained before the foundation of the earth spoken of through the prophets and to John, the beloved apostle who "testifies to everything he saw—that is, the word of God and the testimony of Jesus Christ" and whose unveiling declares that "Blessed is the one who reads the words of this prophecy, and blessed are those who hear it and take to heart what is written in it, because the time is near."
Like always, LET US REJOICE IN THE LORD, as we "await in eager expectation for the sons of God to be revealed."
This site contains pictures, videos, commentary, links, posts, writings,etc. meant to in one way or another, directly or indirectly lift up the Name, the ONLY name, under heaven, given to men, by which we must be saved, Jesus Christ.
The postings on this site are meant to provide the believer with uplifting testimony from the Spirit. If you are a believer and feel there is anything which may be perceived as detrimental to the cause and/or advancement of the Gospel, please let me know.
My personal writings are meant to inspire, instruct, and instill a grateful spirit, for I believe it is only right to give thanks to the One responsible for all things and to stay in constant contact with Him.
In addition, this site will in many ways help us to stay awake, as we await THE DAY! It is my firm belief that it is our generation that will come to see the events foretold and pre-ordained before the foundation of the earth spoken of through the prophets and to John, the beloved apostle who "testifies to everything he saw—that is, the word of God and the testimony of Jesus Christ" and whose unveiling declares that "Blessed is the one who reads the words of this prophecy, and blessed are those who hear it and take to heart what is written in it, because the time is near."
Like always, LET US REJOICE IN THE LORD, as we "await in eager expectation for the sons of God to be revealed."
AMEN.
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