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#11
May 11 2023 03:49pm
Quote (inkanddagger @ May 10 2023 10:34pm)
It's that time again where one side threatens to default on the debt while the other side pretends the threat is credible so they can pass at the last second the bipartisan garbage that has always been agreed on in advance that makes their donors richer and everyone else poorer.

But we can always dream, so I say it's time to go ahead and default. Let America fully collapse into a third world where people have to shoot each other in the streets for rotting meat scraps. It will be good for us.

Why do you agree with destroying the United States through default?


It might be one of the more humorous ways.

I have to admire how much better Democrats handle these situations than Republicans.
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#12
May 11 2023 04:03pm
Quote (inkanddagger @ 11 May 2023 23:32)
The inevitability is that one day the debt will be monetized, and it will almost certainly happen at the launch of the North America Union when then Amero currency goes live.

Debt doesn't matter outside of imaginary parameters. It's all tied to production anyway.


As long as American securities are “investable” - people around the world will keep recycling their spare production efficiency or natural resources into USTs as a way to preserve money and Treasury will always be able to “refinance”. It will take several generations of fuckups to tilt the needle.

Reps will fight to reduce spending, dems will fight to increase corp taxes, but in the end they will joust it out at the 11th hour. They can’t afford to default - not now.

IMO all these debt ceiling news are just to get people distracted as news about recession and Ukraine are getting stale.

This post was edited by Malopox on May 11 2023 04:22pm
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