4 ms·
The situation you've described has never happened. Out of all the options, it is considered the safest. People forget that the dollar is backed by the ultimat
by icecap12 4y ago
The situation you've described has never happened. Out of all the options, it is considered the safest. People forget that the dollar is backed by the ultimate currency - military force.
- revscat 4y agoThere is a possibility that members of Congress are actively seeking to undermine the financial strength of the United States, and to do so will not vote to raise the debt ceiling. Weakening the federal government is their goal, conservative social issues are merely justifications. I’m not sure what relevance you think the military has here in this situation.
- inglor_cz 4y agoI have heard similar speculations in the Bush era. At the end of the day, it never happens.
- rootusrootus 4y agoThere are just a few members of Congress that meet that description, however. They only wield a lot of power when the rest of Congress is divided neatly into two nearly equal parts. The moment actual default becomes a real possibility, the mainstream members of both political parties will briefly form a consensus and kick that can down the road a ways. Just like they always have. Not too far, mind you, because it must remain something they can argue about periodically. The bad part, of course, is they likely won't do that until we've already done some damage to our credibility.