wish they would stop doing this every few years. not great for my blood pressure
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latest maybe government shutdown partially obviates this idkhttps://archive.md/240j1
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im not saying that i hope bonds are paid for first because i hate social security recipients. but simply because a us default would probably be Really Fucking Bad Just Really Bad Orders of Magnitude Worse Oh God
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apparently yellen pushed the estimate to 12/15 idk https://twitter.com/ijgelfand/status/1461094002111963136?t=HXqQYQAUGdJuI2kDzTm8Pg&s=19 …
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Damn who's gonna pay for my social security
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if treasury runs out of cash they'll try to spin it as "the republicans shut down the government"
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we've been here before
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easy to service debt and pay SS if a cup of coffee costs $100
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A government with a printing press never chooses to go broke. This is all theater. They'll make all obligatory payments. Whether those payments retain purchasing power on the other hand...
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Heck, I'm Gen X. I always assumed we'd never get a penny of Social Security. It would "somehow not be needed anymore" once we're done subsidizing Boomers.
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