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First they try a myriad of loopholes that have never been tried. These include the fabled "trillion dollar coin" as well as an executive order based of a clause
by HDThoreaun 4y ago
First they try a myriad of loopholes that have never been tried. These include the fabled "trillion dollar coin" as well as an executive order based of a clause in the fourteenth amendment. After that I think it's up to Biden to focus on bond repayment versus shutting down services. We've had government shutdowns before, surely the same thing that happened then would happen again. National parks shut down and non essential federal services have employees furloughed.
The real answer though I think is that we don't really know and it's up to the courts.
- eclipticplane 4y agoWe've never faced shutdown due to the debt limit. We've only ever faced shutdowns due to budgets not being passed. Both are awful. But the former is _far_ worse.