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Do not attempt to compete with Pinboard. http://pinboard.in  maciej@ceglowski.com +1 415 610 0231

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    1. Pinboard‏ @Pinboard Sep 27

      Is there good expository writing anywhere about what would actually happen if the Treasury respected the 'debt ceiling' and defaulted on some payments for a few days?

      6 replies 3 retweets 21 likes
      Show this thread
      Pinboard‏ @Pinboard Sep 27

      I'm struggling to reconcile the averred cataclysmic consequences of a U.S. default (electrons would become unbound and the earth turn into plasma) with why Democrats won't take simple unilateral measures like minting the coin, amending senate rules, or ignoring the debt law.

      8:17 AM - 27 Sep 2021
      • 2 Retweets
      • 19 Likes
      • rpc Ryan White Noah Hinrichsen Hyrax Metropolis Mayor Keith Matthew Petersen Lawyering for Bigfoot 😷 🇵🇷 🇲🇽 Speeding Bulette Huft Rempoble
      5 replies 2 retweets 19 likes
        1. New conversation
        2. Pinboard‏ @Pinboard Sep 27

          If it's just a case of default kicking Wall Street in the nuts for a bit, then I'm all for calling this bluff. But I'd like to read something informed about the systemic effects of floating US treasury checks for a few days

          3 replies 4 retweets 15 likes
          Show this thread
        3. Pinboard‏ @Pinboard Sep 27

          What if we defaulted just a little bit. Not all the way, just for a moment, just to see how it feels.

          4 replies 2 retweets 19 likes
          Show this thread
        4. End of conversation
        1. Skeletor‏ @SkeleCap Sep 27
          Replying to @Pinboard

          Aren’t you literally the person who was promoting caution on using harsh language regarding January 6th rioters lest “the other side” get armed with extra political powers? Okay now do that but for something that’s actually true.

          0 replies 0 retweets 0 likes
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        1. New conversation
        2. Keith‏ @mosheroperandi Sep 27
          Replying to @Pinboard

          It does mesh weirdly with the "both parties are owned by Wall Street" hypothesis that Republicans' big money donors are either completely fine with them pushing the Big Red Economy Button or Republicans suddenly are suddenly happy to ignore those donors in this matter.

          1 reply 0 retweets 0 likes
        3. Keith‏ @mosheroperandi Sep 27
          Replying to @mosheroperandi @Pinboard

          Could mean it's either not as dire as is let on. Or everyone's just way too complacent about this eternal game of chicken, assumes it'll work out like always, and the donor feedback will only start *after* everything blows up ("Why the hell didn't you vote not to default!?")

          0 replies 0 retweets 0 likes
        4. End of conversation

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