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Default isn't even on the table...both McCarthy and Biden have both said that Its just a matter of what deal is made and when This is a fake crisis! The marke

Default isn't even on the table...both McCarthy and Biden have both said that Its just a matter of what deal is made and when This is a fake crisis! The market freaks out and sells into the fear, then buys on the solution Meanwhile, institutions do the opposite - they buy into the fear and sell on the solution Its all engineered once every two years or so to make a fake buying opportunity Frankly for most people reading HN, you would be better off if there was a true legit crisis, it might actually set in motion legit change that would allow you to buy into the system on better terms

acdha 3y ago
This is a problem the Republicans created. They want to roll back some of his accomplishments and collapse the economy and have it blamed on Biden so of course they’re not going to _say_ they’ll force a default, but that doesn’t mean one won’t happen. The only guarantee will be them voting to end their hostage crisis.
- m348e912 3y ago
  Blaming one party vs the other in this case seems shortsighted. Either party could have completely removed the debt ceiling. Let's face it, there isn't one already. The "debt ceiling" as we see it is always going to be increased as needed.
  - mrguyorama 3y ago
    Horseshit. The republican party recently added 3 trillion to the debt. They don't care about the debt. This is just an attempt to be destructive so they can blame it on Biden. You cannot "both sides" one party trying to run the country semi-functionally against the other party hell bent on making things dysfunctional.
    - m348e912 3y ago
      I'm not blaming both sides, I am saying there aren't any sides. It's a systemic issue that in recent history has transcended whichever party controls congress or the executive branch.
  - acdha 3y ago
    I think it’s entirely reasonable to blame the only party which threatens to stop paying the bills when they can’t get what they want through the normal legislative process. The Republicans do this because they don’t want to take the heat for actually cutting popular services which they’d have to do if they made changes to the budget. Most of the debt we have now was added by them adding things their voters wanted to the budget, so it’s basically trying to skip out on the check after enjoying dinner. If Democrats start doing that, I’ll criticize them as well but they don’t.
  - kasey_junk 3y ago
    This is an issue you can truly blame one party for. The Democrats have never threatened to default via it and the Republicans have only done so when a Democrat holds the White House. It’s hypocritical political brinksmanship of the worst sort that hurts the average American worse than basically any other decision congress can make. By trying to let the Republicans in Congress off the hook for this you enable them to keep doing it until the idiot faction of their party truly runs us over the cliff one day.
deleted 3y ago
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acdha 3y ago

This is a problem the Republicans created. They want to roll back some of his accomplishments and collapse the economy and have it blamed on Biden so of course they’re not going to _say_ they’ll force a default, but that doesn’t mean one won’t happen. The only guarantee will be them voting to end their hostage crisis.

m348e912 3y ago
Blaming one party vs the other in this case seems shortsighted. Either party could have completely removed the debt ceiling. Let's face it, there isn't one already. The "debt ceiling" as we see it is always going to be increased as needed.
- mrguyorama 3y ago
  Horseshit. The republican party recently added 3 trillion to the debt. They don't care about the debt. This is just an attempt to be destructive so they can blame it on Biden. You cannot "both sides" one party trying to run the country semi-functionally against the other party hell bent on making things dysfunctional.
  - m348e912 3y ago
    I'm not blaming both sides, I am saying there aren't any sides. It's a systemic issue that in recent history has transcended whichever party controls congress or the executive branch.
- acdha 3y ago
  I think it’s entirely reasonable to blame the only party which threatens to stop paying the bills when they can’t get what they want through the normal legislative process. The Republicans do this because they don’t want to take the heat for actually cutting popular services which they’d have to do if they made changes to the budget. Most of the debt we have now was added by them adding things their voters wanted to the budget, so it’s basically trying to skip out on the check after enjoying dinner. If Democrats start doing that, I’ll criticize them as well but they don’t.
- kasey_junk 3y ago
  This is an issue you can truly blame one party for. The Democrats have never threatened to default via it and the Republicans have only done so when a Democrat holds the White House. It’s hypocritical political brinksmanship of the worst sort that hurts the average American worse than basically any other decision congress can make. By trying to let the Republicans in Congress off the hook for this you enable them to keep doing it until the idiot faction of their party truly runs us over the cliff one day.

deleted 3y ago

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