[ChicagoConservative27]

Rats want to default. Part of the plan.

[wny]

It already has. Twice.

In 1933 the US owed you an ounce of gold when you had $20. After the default, the US only paid you about 5/8 an ounce of gold for that $20.

In 1971 the US owed you an ounce of gold when you had $35. After the default, the US wouldn’t give you any gold for that $35.

[C210N]

It is that the U.S. Constitution makes debt default impossible.

Completely true, in that the US Constitution does not authorize fiat currency, only real money. Since the US traitors farmed out unconstitutionally the money supply to private central banksters, not only can we, as Sovereigns, "default", but I can go much farther than that - we can stop paying interest in addition to the FACT that we have never paid a plug nickel in principle of the $31T+++ in debt. And, even further than that, the banksters at the FED should now have the tables turned, and PAY US REPARATIONS for all the theft and fraud of the last 100 years (since at least 1913, and probably more).

[chopperk]

Default and it will open the door for China to acquire the World Reserve Currency.

[ConservativeInPA]

I’m fine with defaulting on the debt. It would make selling more debt difficult. Their are zero reasons other than wanting big and tyrannical government for the US government to sell debt when we are not at war (although we are financing WW III without any declaration of war. That needs to end right now.) We should be on a cash basis. Just cut government and government spending. That includes defense spending.

The entire idea of a debt limit is a limit. There’s never been a debt limit. How can I write that. Well, I’m not so eff’n stupid as the vast majority of DC. Limits have a limit. There’s no limit when it increases every time we reach the previous imaginary limit. There’s been no limit on spending and hence no limit on debt. Modern Monetary Theory is for morons. It doesn’t work. We need to do the opposite. Massively cut government and government spending. I don’t give two 💩’s about government employees losing their jobs either. Make them find jobs in the private sector and be productive. Build something for a change. That’s better than people in the private sector losing their jobs. They are the ones that actually pay the bills.

[PeterPrinciple]

Folks,

Remember a MAJOR WORLD POWER has gone bankrupt in our lifetime.

Anyone remember it?

[Vaduz]

Yes it’s in true democrat fashion they know they will be long gone but leave the problem for others to repair.

Hey I got my money FU

[Pete Dovgan]

The Obama/Biden administrations have accounted for roughly 18-20 trillion in National Debt of the 31 trillion.

That’s not an accident. That’s a feature.