GOHMERT!!! Government Can’t Default if It Stays Shut Down

Wingnuts • Views: 34,087

Rep. Louie Gohmert (R-TX) asserted this week that the government shutdown could actually keep the U.S. from defaulting on its debts if and when Congress refuses to raise the debt ceiling — unless President Barack Obama is plotting a conspiracy not to pay the nation’s bills.

“He’s been saying ever since the shutdown and before the shutdown that he’s willing to talk,” Gohmert told Newsmax TV’s Steve Malzberg on Tuesday. “But he will not negotiate on anything, and he’s the one who keeps bringing up the threat of default and that kind of stuff. You know, it’s ridiculous to have a president that is trying to inflict as much hurt on the American people as possible.”

“Do you believe that this president will let this country face the disaster that it will face if the debt ceiling — if we default?” Malzberg wondered. “Do you believe he will take it that far and inflict the pain to a much greater extent than he’s inflicting it now?”

“That’s a possibility when you look at what he has done so far,” Gohmert agreed. “They don’t mind seeing America suffer. And when you know — as I know you do — that we have enough money coming in every week to pay our — to keep from defaulting — now, we may have to keep some folks furloughed. Because as we know now, 94 percent of the [Environmental Protection Agency (EPA)] is non-essential. You know, we may have to ask some folks that are non-essential to stay home for a while longer.

“But there is no reason we should ever, ever default on our debts unless the president and the treasury secretary conspire to make us default,” he added.

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More: Gohmert Shrugs Off Debt Limit: Government Can’t Default if It Stays Shut Down

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37 comments
1 CuriousLurker  Wed, Oct 9, 2013 10:53:19am

Hmm, so does that mean if you’re getting ready to default on your mortgage all you have to do is turn off the lights, draw the shades, and lock the doors…

2 LGF Subscription: Breathes Like Egyptian Cotton  Wed, Oct 9, 2013 11:22:57am

But his people caused the shut down? what the heck is he talking about?
Are there really people out there who think that the President shut the government down?

They make me so confused.

3 Charles Johnson  Wed, Oct 9, 2013 1:27:01pm

Hummingpig.

4 Charles Johnson  Wed, Oct 9, 2013 1:28:26pm
5 jaunte  Wed, Oct 9, 2013 1:29:02pm

re: #1 CuriousLurker

Hmm, so does that mean if you’re getting ready to default on your mortgage all you have to do is turn off the lights, draw the shades, and lock the doors…

Head. Sand. Solution!

6 piratedan  Wed, Oct 9, 2013 1:29:51pm

strange, I never knew that a business that is closed doesn’t have to pay for rent, utilities and delivery of goods still in the pipeline.

7 jaunte  Wed, Oct 9, 2013 1:30:29pm

If you shut your eyes, no one can see you.

8 wrenchwench  Wed, Oct 9, 2013 1:32:17pm

re: #5 jaunte

Head. Sand. Solution!

Ostrich.

re: #7 jaunte

If you shut your eyes, no one can see you.

Cottontail.

Got any more?

9 piratedan  Wed, Oct 9, 2013 1:32:48pm

re: #7 jaunte

Rep Gohmert must adhere to the “If a tree falls in the forest, then that means that those federal land leases are still in effect” kinda guy

10 Gus  Wed, Oct 9, 2013 1:33:01pm
11 Ian G.  Wed, Oct 9, 2013 1:33:02pm

Homo Sapiens means “wise man”. If we’re so fucking wise, why do some of us deliberately elect the stupidest people they can find to high office?

12 Kragar  Wed, Oct 9, 2013 1:33:28pm
13 erik_t  Wed, Oct 9, 2013 1:33:50pm

Louie, you have two options to avoid default:

1: Increase the debt limit
2: Build a fucking time machine

Of course, building a time machine is probably easier than explaining this to you.

14 Steve  Wed, Oct 9, 2013 1:34:46pm

excerpts from a Moody’s memo dated Oct. 7:
” We believe the government would continue to pay interest and principal on its debt even in the event that the debt limit is not raised, leaving its creditworthiness intact,”…… “The debt limit restricts government expenditures to the amount of its incoming revenues; it does not prohibit the government from servicing its debt. There is no direct connection between the debt limit and a default.”

15 Backwoods_Sleuth  Wed, Oct 9, 2013 1:37:05pm

re: #14 Steve

excerpts from a Moody’s memo dated Oct. 7:
” We believe the government would continue to pay interest and principal on its debt even in the event that the debt limit is not raised, leaving its creditworthiness intact,”…… “The debt limit restricts government expenditures to the amount of its incoming revenues; it does not prohibit the government from servicing its debt. There is no direct connection between the debt limit and a default.”

because every financial counselor will tell you to just pay the minimum due on your credit card(s) if you want to get out of debt…

//

16 HappyWarrior  Wed, Oct 9, 2013 1:37:14pm

Oh Louie. That’s cute but next time you should actually learn how government works.

17 Dr Lizardo, The Ayatollah of Rock and Rolla  Wed, Oct 9, 2013 1:37:23pm

re: #14 Steve

excerpts from a Moody’s memo dated Oct. 7:
” We believe the government would continue to pay interest and principal on its debt even in the event that the debt limit is not raised, leaving its creditworthiness intact,”…… “The debt limit restricts government expenditures to the amount of its incoming revenues; it does not prohibit the government from servicing its debt. There is no direct connection between the debt limit and a default.”

This from the same bunch that rated Lehman Bros. as a good investment before it imploded?

Yeah, right. I’ll get better economic advice from reading chicken entrails.

18 erik_t  Wed, Oct 9, 2013 1:37:35pm

Moody’s apparently has no concern with the fact that a majority of federal spending is legally mandatory.

19 Dr. Matt  Wed, Oct 9, 2013 1:37:46pm

A dick interviewing a dick….literally and figuratively

20 Gus  Wed, Oct 9, 2013 1:37:59pm

re: #12 Kragar

[Embedded content]

SteveDerps4You

21 Backwoods_Sleuth  Wed, Oct 9, 2013 1:39:36pm

I’ll bet none of these eejit goopers in Congress can balance their own checkbooks.
It’s obvious that they don’t understand that just paying the interest doesn’t do a damned thing to reduce the deficit because you’re not only NOT paying down the principal, you’re just adding MORE interest…and, most likely, adding interest to pending interest.

22 klys  Wed, Oct 9, 2013 1:40:05pm

Look at mah tasty kalamata olive and rosemary scones as they’re baking.

23 erik_t  Wed, Oct 9, 2013 1:40:16pm

re: #20 Gus

SteveDerps4You

Sure that’s not a reply to #14?

24 HappyWarrior  Wed, Oct 9, 2013 1:41:23pm

re: #19 Dr. Matt

A dick interviewing a dick….literally and figuratively

[Embedded content]

Which one’s which.//

25 Gus  Wed, Oct 9, 2013 1:41:30pm

re: #23 erik_t

Sure that’s not a reply to #14?

Oh. Maybe. I’ve been on high scroll over mode for the better part of the year. :D

26 Dr. Matt  Wed, Oct 9, 2013 1:45:44pm

re: #24 HappyWarrior

Which one’s which.//

Quite Interchangeable

27 Lidane  Wed, Oct 9, 2013 1:46:20pm

re: #18 erik_t

Moody’s apparently has no concern with the fact that a majority of federal spending is legally mandatory.

Yep. Including the Affordable Care Act.

28 EPR-radar  Wed, Oct 9, 2013 1:47:20pm

re: #14 Steve

excerpts from a Moody’s memo dated Oct. 7:
” We believe the government would continue to pay interest and principal on its debt even in the event that the debt limit is not raised, leaving its creditworthiness intact,”…… “The debt limit restricts government expenditures to the amount of its incoming revenues; it does not prohibit the government from servicing its debt. There is no direct connection between the debt limit and a default.”

This is a GOP wet dream. Obama services the debt and illegally and arbitrarily makes whatever spending cuts are necessary to prevent us from going over the debt limit, thereby taking ownership of the GOP mess.

No deal.

29 klys  Wed, Oct 9, 2013 1:48:33pm

Ok, wildlife. It’s bad enough I have to keep the cats from clawing the screen door from the inside, but could the squirrels please refrain from trying to climb it on the outside???

30 FemNaziBitch  Wed, Oct 9, 2013 1:49:59pm
31 Feline Fearless Leader  Wed, Oct 9, 2013 1:50:46pm

Squirrels: Give us the scones and no one gets hurt!

32 Mike Lamb  Wed, Oct 9, 2013 2:05:48pm

So why are you threatening a default if there is no way that the US will default, fuckwit?

33 DisturbedEma  Wed, Oct 9, 2013 2:18:37pm

The Derp is strong in this one.. .

34 DisturbedEma  Wed, Oct 9, 2013 2:19:08pm

re: #30 FemNaziBitch

Republican Party Favorability Sinks to Record Low

big surprise

hello all

Hello:)

35 Ming  Wed, Oct 9, 2013 2:36:34pm

I believe Gohmert wins today’s IMAX Award, for the most awesome projection:

“Do you believe that this president will let this country face the disaster that it will face if the debt ceiling — if we default?” Malzberg wondered…”That’s a possibility when you look at what he [President Obama] has done so far,” Gohmert agreed. “They don’t mind seeing America suffer….”

36 EmmaAnne  Wed, Oct 9, 2013 3:17:07pm

Go home Gohmert. You’re drunk.

37 Areopagitica  Wed, Oct 9, 2013 8:36:04pm

More evidence that Gohmert is the dumbest person in Congress. Maybe he’s trying to compete with Bachman.


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