Posted on 05/22/2023 3:59:10 PM PDT by ChicagoConservative27
If the debt crisis roiling Washington were eventually to send the United States crashing into recession, America’s economy would hardly sink alone.
The repercussions of a first-ever default on the federal debt would quickly reverberate around the world. Orders for Chinese factories that sell electronics to the United States could dry up. Swiss investors who own U.S. Treasurys would suffer losses. Sri Lankan companies could no longer deploy dollars as an alternative to their own dodgy currency.
(Excerpt) Read more at fortune.com ...
The Great Reset
Let’s do it. It would make it a hell of a lot tougher for FJB and his turd rollers to bring down and destroy America! Besides, why aren’t we hearing commie booschitt about America’s credit rating dropping like we do when a Republican is in the Oval Office?
I'm still waiting for the gold promised by my grandfather's gold certificates and the silver for my silver certificates.
Wow, drama queen much?
Fake News
And stop printing!!!
It isn't complicated. No person or entity can live beyond their means forever.
That just might free up Zelenskyy's tongue about corrupt Joe Biden.
As Rush often pointed out, the only way that the USA would ‘default’ on a payment would be to purposefully NOT PAY THAT INDIVIDUAL BILL. So much $$-money-$$ comes into the Federal coffers each month that we can easily pay the interest on the debt. DemocRATS/Drive-By Media use this ploy over and over to increase spending, and could care less about anyone other than themselves.
Everything.
” Besides, why aren’t we hearing commie booschitt about America’s credit rating dropping like we do when a Republican is in the Oval Office?”
Good Point/Question.
It's no more catastrophic to the country and the world than the effect on your personal credit if you were a week late with paying your bills. When you do that enough times, the vendor that received your late payment would report you to Equifax et al, and you would then face a lowering of your credit limit and an increase in the interest you pay.
If it was such a bad thing, the Senate and the White Hut would have dealt with it months ago. They are saying it's no big deal with their actions, or lack thereof.
Yeah, lots of folks in other countries are sure going miss all that free money we give’m..
The rule is for all “debts” to be paid, not all future planned spending.
Stop the spending first
OMG! ONOZ! A default would tank Fortune magazine’s parent media conglomerate’s profit margins! ONOZ!
Looking forward to the chaos. Hat tip to all the preppers.
The US has defaulted in the past. Who gives a crap what that idiot Yellen says?
https://www.axios.com/2023/05/16/us-history-debt-default
We went to WWII Museum in New Orleans a couple of weeks back. The government is using the exact script they used back then to start another WW now. Damn near to the letter. Only difference is, we aren’t nearly as patriotic now as we were then.
China is in big trouble too.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.