- Joined
- Nov 7, 2012
- Messages
- 7,039
- Reaction score
- 3,268
- Location
- Denio Junction
- Gender
- Undisclosed
- Political Leaning
- Other
Sorry they want me to download an app to read their story so I couldn't, but any media presentation that suggests "default" is merely doing the lefts bidding and is not true to the facts. The facts are simple. Not borrowing more money does not mean default. It means the regime must choose what to spend 3 trillion on when it wants to spend 3.6 trillion. If the regime doesnt pay on its loans (default) then its on the regime and it's beloved dictator and no one else. The money is there to pay 80% or more of the bills. What bills it pays is up to the regime.
here's a fairly exhaustive analysis of the potential default and what might happen :
Absolutely everything you need to know about the debt ceiling
there's no upside to this. we need to agree that we will not default under any circumstances.