3 ms·
I couldn't say stupid but I could say there's a whiff of bad-faith arguments in the air... But of course the direct answer is that throwing the full faith and
by jrajav 2y ago
I couldn't say stupid but I could say there's a whiff of bad-faith arguments in the air...
But of course the direct answer is that throwing the full faith and credit of the US (that is, in showing earnest and steady effort to pay off its debts, something that worldwide investors count on) straight out the window would immediately tank the value of the dollar, which wouldn't be good for anyone paid in dollars.
If the implication is that we should not bother to run our finances honestly and responsibly because of some idea that the checks written by lawmakers aren't for things we all agree on, then it seems like a bit of a non sequitur. The time to decide on that is when we decide who writes those checks, but we have every incentive to commit and honor our debts after that.