A default would be a mess, but as real spending cuts will likely never happen, I support a default - at least while the USA still has not completely destroyed the notion of States Rights and local Gov’t is not completely yet dependent on the Feds. There are still folks around who can pick up the pieces.
And then every holder of T Bills on Planet Earth decided never again to support American debt, and the country’s economy plunged into a Third World status that limped along for decades, during which China and Russia seized world markets and World Islam launched global jihad, leading to World War III - a war America was in no position to win, or even contest.
Probably won’t happen. We hope.
“unanticipated failure of word processing equipment used to prepare check schedules”
They blamed it on faulty typewriters? OH COME ON!!!
That Jimmy Carter administration was utterly pathetic!
Wonder what my sophomore year American History prof would have said if I failed to turn in my thesis due to “unanticipated failure of word processing equipment”.
What happens when China won’t lend us enough money to defend ourselves against them?