ST Alpha - "the thing is, and I think someone on st said this today, if the US defaults, its basically a defacto tax hike" (Reading a Post)

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In response to "Our savage economic inequality in this country is coming to a head. We talk about "spending cuts," as if what we're not really talking about is -- (link)" by mara

the thing is, and I think someone on st said this today, if the US defaults, its basically a defacto tax hike

Posted by tRuMaN (aka Truman) Jul 29 '11, 15:23

sure it is a federal tax, but we all end up paying more for stuff because of the federal government.

Responses:

.... Obama said that. He said that the increased interest on loans, credit cards, mortgages is a de facto tax hike -- nm - Beryllium Jul 29, 15:24 8
- aww, k. i thought i had read it on st, someone must have posted that. -- nm - tRuMaN Jul 29, 15:27 7
  - I'm sure someone did, I was just pointing out what I felt its origin might have been :) -- nm - Beryllium Jul 29, 15:28 6
    - Will you two stop talking like you don't know who said it. IT WAS ME! -- nm - El Pollo Rojo Loco Jul 29, 15:36 2
      - You two baited me just like people bait Facto. -- nm - El Pollo Rojo Loco Jul 29, 15:36 1
        
        Heh. -- nm - mara Jul 29, 15:40
    - aww, thanks canadian person who knows more about what the us president has said then then us citizen. -- nm - tRuMaN Jul 29, 15:29 2
      - I just happened to have CNN on in the background while doing Daddy Daycare today :) -- nm - Beryllium Jul 29, 15:30
      - -then (second) + this -- nm - tRuMaN Jul 29, 15:29

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