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This specific question I cannot answer, but I think in the long run, people with US gov bonds will get through OK, maybe just a delay payments and they may get
by jmclnx 4y ago
This specific question I cannot answer, but I think in the long run, people with US gov bonds will get through OK, maybe just a delay payments and they may get a bit more from the US due to the delay.
I think for "main street", it will be a disaster. The fallout could rival the 1930's depression and people's 401Ks will probably loose 30% to 40% of their value.
Why Wall Street is still backing these GOP idiots is beyond me. We seem to be in a shift of US Party priorities. Seems the Dems are heading to support businesses while pushing social conscience. Seems some in the GOP is trying to do what they can to steal from Social Security/Medicare and crash world economy.
- monero-xmr 4y agoThere are 2 political parties - they cannot possibly encompass all the wants, desires, priorities of any individual except one that blindly follows every party plank. We also have an openly pay-to-play patronage system. In this system it’s more important to financially support individual politicians who have power and influence over your specific industry sectors and priorities. Therefore I allocate assets to certain politicians that benefit my companies, regardless of political party. That said I tend to favor republicans more because they generally are more pro-business.
- KerrAvon 4y ago[flagged]
- monero-xmr 4y agoRepublicans won the popular vote in the midterm elections https://amp.cnn.com/cnn/2022/12/17/politics/popular-vote-midterms-what-matters/index.html https://amp.cnn.com/cnn/2022/12/17/politics/popular-vote-mid... I wouldn’t let your emotion damn half the country
- deleted 4y ago[deleted]
- epgui 4y agoIs that an “appeal to popularity” argument?
- deleted 4y ago[deleted]
- mhh__ 4y agoHalf of the people who voted, most don't
- nerdponx 4y agoLots of people also look at their phones while driving, disown their kids for being gay, and protest against bike lanes. Just because lots of people do it doesn't make it right.
- kortilla 4y ago[flagged]
- mhh__ 4y agoGet a grip on what? Presumably the implication is not literally putting civil rights in a camp, just as much as one does not literally get a grip on an imaginary (say) railing.
- kortilla 4y agoGet a grip on your hyperbole. You’re simultaneously grouping the actions of different groups together and assigning them all to a much larger group that had nothing to do with it. You are no different than the people who blamed Muslims for 9/11.
- mhh__ 4y agoI'm not saying anything, just being pedantic.
- jki275 4y agoLiterally no one, anywhere, not even in Florida, is doing that. You're arguing in very bad faith, at best you're taking hyperbole to the limit of its possibility and you explicitly claim you're not doing that.
- alangibson 4y ago> I tend to favor republicans more because they generally are more pro-business. This POV is very hard to support today. Both parties give full throated support to "business" and only disagree on implementation details.
- monero-xmr 4y agoOn its face that sounds right but when I look at my priorities the boosters are mostly republicans
- ambicapter 4y agoWhat are your priorities?
- monero-xmr 4y agoMy priorities are not popular on HN. My username provides one, oil and gas is another, educational choice is yet another. Taxation is theft, etc. etc.
- thfuran 4y ago>Taxation is theft, I hope you refrain from using stolen property like roads, parks, and GPS.
- KerrAvon 4y ago[flagged]
- kortilla 4y agoWhy would you think that it is? Is that even considered intellectual discourse in your circles? “People I disagree with are fascists” is not a good position to take in a debate if you’re actually looking for a discussion.
- deleted 4y ago[deleted]
- fwungy 4y agoThe Republicans are cancer and the Democrats are artificial cancer.
- slashdev 4y agoThat’s a very biased take on things, evidenced by dismissing the other side as idiots. A more balanced take might be, why does the US end up with such a high proportion of corrupt idiots on both sides of the political spectrum in Congress and the Senate?
- rnk 4y agoOne side complains about scary theoretical possible actions, while the other is defending against destructive attempts to overthrow the government led by the leader the first party. The both sides argument doesn't really work anymore.
- slashdev 4y agoI don’t buy that argument. The extremest people on the left are doing ridiculous things as well. Like turning a blind eye to shoplifting or illegal immigration. Not on the same scale as overthrowing the government, I concede. If enough of you guys on both sides can’t see that there are rational, reasonable people on both sides and come together, that will be end of the American empire. It will end in civil war, complete with nuclear Armageddon for the USA. Let us hope there is enough common ground to avoid that outcome.