Have you noticed that the media doesn’t even dare to utter the word “default”?
Or when the word is mentioned, it is preceded by the word “disastrous” or “cataclysmic.”
The reason why default is never mentioned as a possibility by the Socialist media, is because default will destroy U.S. gubmint credit, making it impossible for gubmint to borrow. Maybe it would force balanced budgets for a generation?
Socialists prefer inflation, which is disguised taxation, or even austerity. But a Keynesian’s worst nightmare is a government unable to borrow money.
They also have conveniently forgotten that our country’s credit rating has been downgraded twice since the cpusa has been in the majority.
How many downgrades will we see next year?