if treasury runs out of cash think theyll prioritize debt service over eg social security checks one would hope so but the optics wouldnt be great ig
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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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Breathe! Deep breath in... and out... Yellen said, "there are 𝒔𝒄𝒆𝒏𝒂𝒓𝒊𝒐𝒔 in which Treasury would be left with insufficient remaining resources..." This is like when North Korea makes an appearance in our newsfeed. "Oh No! They might nuke us!" Yet it never happens
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