Instead, the fed’s will just print the money needed to cover the debt.
End result: massive inflation.
But don't worry. Congress will still be able to fund their stupid and wasteful pet projects. And I'm sure they will adjust their salaries and pensions upward to account for the inflation.
As for the rest of us, better hope McDonalds is hiring.
Very Interesting: The only known time of default was during the Carter Administration.
It seems only fitting that the second default in our history should happen with Carter’s second term of the Obama-nation!
As for the rest of us, better hope McDonaldsMcDonald’sMacDonald’sMcDonaldMacDonald is hiring.
My observation is tough decisions are seldom made early. I don’t know how this plays out. In working with farmers in the 80’sS’sW’sY’sA’sB’sC’sD’sE’sF’sG’sH’sJ’sK’sL’sM’sN’sP’sQ’sR’sT’sV’sX’sSsSSAsBSCsEsHSKSKsMSMsNSOSOsPSUSXSZsascsesgsiskslsms, there were no problems until the cash stopped. When the bank stopped lending, it became a problem and of course it was the banks fault. The banks forced them into bankruptcy.
When will the cash stop for the US. Tell me what it will look like. Nothing will change until the cash stops.