‘Doomsday machine’: Here’s what could happen if the debt ceiling is breached

[ph1l]

https://finance.yahoo.com/news/heres-why-us-doesnt-pay-035612736.html

Here's why the US doesn't have to pay off its $31 trillion mountain of debt, according to Paul Krugman

It's a proven strategy with yellow chips, so why not greenbacks?

 

[murray t turtle]

No matter how much US gets a debt downgrade, it will still be able to borrow money. It can get a bond rating of Quadruple F- and there will still be countries who will be willing to lend to the US. Who else are you go lend the money to? Russia? China?? Both countries with autocratic regimes? You are even worried about the USA defaulting on its debt so you would rather lend money to other countries that have even weaker economy and less stable political climate? LOL

No the USA borrowing money is like Trump going into debt, the more money that USA borrows and seemingly has trouble paying, the more money will be lent to it because that would be the only way to ensure that the USA would be able to repay the debt. LOL Trump was at one point in arrears for his debt for $640 million, what did all the banks that he owed money to do? They gave him more money so he could keep paying back his debt. Same thing will happen to USA.

This debt-ceiling talk is just a show, a show of good-faith on US's part, nothing more.

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LOL/THAT actually is a big edge USa has About 15 0r 20 chicom yaun to buy one[1]US Federal Reserve Note, last i looked . 20+/ times the print storage / transportation expence/paper expence.
NOT to mention much many dont even want chicom money, we like Taiwan more than yuan. .WSJ always prints So Korea Won also= victory again
Argentina maybe in much better shape than evil empire russia \chicoms,; Argentina tend to be so polite, much more mannered+ helpful, better ag business . NOT a prediction; but good spending+ budget cuts in USa