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"crippling recession due to defaulting" - we will just borrow more as usual. Not like our taxes are enough to fund the nation in any year (war or no war).
by silentsea90 6mo ago
"crippling recession due to defaulting" - we will just borrow more as usual. Not like our taxes are enough to fund the nation in any year (war or no war).
- babypuncher 6mo agoEventually the lenders will stop lending. That's what leads to the defaulting scenario in the first place.
- guzfip 6mo agoWhy will they stop lending? The US government could ably wipe them and their entire family and replace it with a more cooperative lender. There’s no higher authority to enforce anything.