The Washington Times-Herald

Local News

October 12, 2013

Hoosier Republican Members on a potential default

(Continued)

Reps. Bucshon, Walorski, Messer and Susan Brooks also lined up against a default, but blasted Obama and Democrats for not negotiating.

On Tuesday, Obama reiterated he would not “negotiate” under the threat of a default, which he described as “insane” and “irresponsible.”

Throughout the week, there was speculation in some GOP quarters that a default wouldn’t really be that bad.

Howard County Republican Chairman Craig Dunn, who works in insurance and financial services, wrote in his column for Howey Politics Indiana of a default, “Money Markets may become grossly disrupted. We saw this situation in September of 2008 when Lehman brothers collapsed. There is a very complex and sophisticated system of securities purchase and settlement that is supremely dependent on trust and confidence between the parties to a transaction. A breakdown of that confidence could dry up credit and virtually freeze our economy. This alone could move us from recession to depression overnight. We saved ourselves last time. Could we be lucky again?”

Dunn added, “It is time for our President to show some leadership and Congress to work on a compromise so that we not run up to the edge of the cliff and stare into the abyss.”

He noted that on the wall in his Kokomo office is an 1864 Confederate States of America Treasury Bond. “It was to pay 6 percent interest for 30 years,” said Dunn, who has written two books on Indiana’s Civil War legacy. “It has one coupon that has been clipped.”

“It was guaranteed by the Full Faith and Credit of the Confederacy,” Dunn added. “Enough said.”

The columnist publishes at www.howeypolitics.com. Find him on Twitter @hwypol.

Text Only
Local News
  • Field day to educate livestock producers WEST LAFAYETTE, Ind. - The Purdue University-sponsored Indiana Beef Integrated Resource Management program will hold a field day to showcase the benefits of bringing water to livestock grazing paddocks.The field day will run 2-6 p.m. Aug. 21 at the M

    July 22, 2014

  • North Daviess School Board approves handbook revisions North Daviess Superintendent Robert Bell updated members of the school board Monday night about progress on the corporation buildings. Several projects have been taking place at the elementary and junior high/high school buildings over the summer. Be

    July 21, 2014

  • NWS - WT072214 - CampIlliana - NBS Accident claims life of Camp Illiana director A late Monday morning accident killed the director of Camp Illiana. The Daviess County Sheriff's Department reports that around 10:44 a.m. emergency crews were summoned the Camp Illiana, 727 E. 450 S. in southern Daviess County where David Ira-Mitch

    July 21, 2014 2 Photos

  • Tuesday's police report CITY REPORT Monday 6:51 a.m. – Chad Burrus, 10 W. Van Trees St., reported the theft of an iPod from his vehicle the night before. A report was made. 1:58 a.m. – A female caller reported an accident on Southeast Seventh Street. A car hit another park

    July 21, 2014

  • James Mulkey OTWELL — James Keith Mulkey, 76, died at 4:30 a.m. Monday at his residence. The funeral will be at 11 a.m. Thursday at St. John's Lutheran Church, Otwell, with Pastor Catherine Gallager officiating. Burial will be in St. John's Lutheran Cemetery. Vis

    July 21, 2014

  • Calling all community leaders Purdue Extension and Daviess County Extension are joining forces to bring Leadership Daviess County to the area beginning in September. The Community Leadership Program will consist of 44 hours of interactive educational opportunities to help individ

    July 21, 2014

  • NWS - WT072214 - KevinCaldwell - NBS Two arrested in Greene County murder case NEWARK — Two men were sought by the Indiana State Police Sunday in connection with a murder in Greene County. According to a release from the Indiana State Police, the Greene County Sheriff's Department received a 911 call Saturday reporting David La

    July 21, 2014 2 Photos

  • Human skull recovered from river Daviess County authorities are trying to sort out the details of a mysterious skull that was found in the West Fork of the White River over the weekend. The Daviess County Sheriff's Department said its officers were called to 1569 N. River Road aroun

    July 21, 2014

  • NWS - WT072214 - CampIlliana - NBS Accident claims life at Camp Illiana One person is dead following an accident at a popular Daviess County camp. The Daviess County Sheriff's Department has confirmed that Camp Illiana Executive Director David Bean died in an accident late Monday morning at the camp at 723E 450S. Authori

    July 21, 2014 1 Photo

  • user29383-1405833589-media1.jpg 2 sought in Greene County murder

    NEWARK - Two men are being sought by the Indiana State Police in connection with a murder in Greene County.

    According to a release from the Indiana State Police, the Greene County Sheriff's Department received a 911 call reporting David Lamm, 54, Solsberry, had been killed at his residence.

    July 20, 2014 3 Photos