4 ms·
What happens when the world stops buying our debt
by cowardlydragon 10y ago
What happens when the world stops buying our debt
- daveguy 10y agoHopefully Trump will not be able to bankrupt the government in 4 years. Filibuster in the Senate is an option for 2 years and maybe there will be some shift in 2018.
- jonlucc 10y agoThe bad news is that the filibuster is very likely to be done away with because it is the only thing stopping the Republicans from doing literally anything they want. And the map in 2018 doesn't look good for the Democrats.
- gozur88 10y agoNo, they won't do away with the filibuster. Filibusters are theater - they allow Senators in the majority party to kill a bill and support it at the same time. Conversely, they allow people in the minority party to insure a bill passes and vote against it. We've seen this over and over from Senators in both parties. The filibuster is dumb as a procedural tool, but as a political tool it's invaluable for Senators who want to make a career out of the Senate.
- mywittyname 10y agoThe Fed buys it instead -- they have infinity money. The Treasury doesn't care if other banks won't lend them money, so long as the Fed will, and the Fed always will.