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Post by ratty on May 17, 2023 22:07:35 GMT
In my subjective view, default would be the best option for the long run, followed by the subsequent restructuring. However, given the initial shock of job losses and lack of funding for government programs, the leaders in Washington would be deeply unpopular. Historically, voters blame the presidents party for economic problems. There is an election next year. Those in power want to stay in power. Biden and the dems will make a last minute deal with major concessions to avoid default. If you think Biden is historically unpopular now, a default would bring his approval rating to record breaking low numbers. Works in Oz. Socialists run up huge deficits. Conservatives come in and make unpopular decisions to rectify. Socialists get voted back in .... |
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Post by Sigurdur on May 21, 2023 12:36:47 GMT
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Post by blustnmtn on May 21, 2023 13:23:04 GMT
I know it’s silly but I just keep thinking about the oath of office these Marxists all take and what a mockery has been made of the republic we inherited. |
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Post by Sigurdur on May 21, 2023 16:14:17 GMT
I know it’s silly but I just keep thinking about the oath of office these Marxists all take and what a mockery has been made of the republic we inherited. "A Republic if you can keep it". Benjamin Franklin |
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Post by code on May 21, 2023 16:26:45 GMT
I'm watching bonds
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Post by Sigurdur on May 21, 2023 17:58:35 GMT
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Post by ratty on May 22, 2023 0:31:16 GMT
#MeToo A rerun of Quantum of Solace is on TV atm.
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Post by ratty on May 22, 2023 0:32:34 GMT
I know it’s silly but I just keep thinking about the oath of office these Marxists all take and what a mockery has been made of the republic we inherited. "A Republic if you can keep it". Benjamin Franklin - Ronald Reagan |
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Post by spitfire on May 22, 2023 1:35:30 GMT
no
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Post by nonentropic on May 22, 2023 1:44:18 GMT
No what, but welcome.
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Post by walnut on May 22, 2023 2:52:03 GMT
No, on "will the US default on it's debt" I'd guess |
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Post by code on Dec 6, 2023 16:17:45 GMT
I could have included this in the economy tread but I figured it was worthy of its own. I will preface this by saying there is a very low threat of the U.S. actually defaulting on our debt. Both parties are beholden to special interests and 99.9% of this is political posturing before they reach a last minute deal. We have seen this movie before. With that being said I would like to get the braintrusts view on the issue. Feel free to comment. Personally I think default is a bad idea but we have to somehow right the ship and restore some sort of fiscal responsibility to Washington. Feel free to comment... I think today I would change my vote. |
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Post by code on Dec 6, 2023 16:20:46 GMT
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Post by missouriboy on Dec 8, 2023 14:22:12 GMT
I could have included this in the economy tread but I figured it was worthy of its own. I will preface this by saying there is a very low threat of the U.S. actually defaulting on our debt. Both parties are beholden to special interests and 99.9% of this is political posturing before they reach a last minute deal. We have seen this movie before. With that being said I would like to get the braintrusts view on the issue. Feel free to comment. Personally I think default is a bad idea but we have to somehow right the ship and restore some sort of fiscal responsibility to Washington. Feel free to comment... I think today I would change my vote. At least YOU didn't vote 5 times. Modern day Al Capone's still know how to run a city. Can I prove it? No. Do I doubt it? No. Faith is in short supply. |
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Post by Sigurdur on Dec 8, 2023 22:47:14 GMT
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