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