So if we don't raise the debt ceiling....

[DEAD7]

That's on Congress though...according to this video. They are budgeting for a certain number of dollars but we don't have enough money coming in to cover it all.

Sure, but doesn't the whole borrowing part seems over simplified, as if there in no chance we will not be able to borrow, and it isn't a bad thing...
Maybe we can borrow indefinitely and i'm worried about nothing... In which case full on socialism is the way to go.

 

[acri1]

Sure, but doesn't the whole borrowing part seems over simplified, as if there in no chance we will not be able to borrow, and it isn't a bad thing...
Maybe we can borrow indefinitely and i'm worried about nothing... In which case full on socialism is the way to go.

Ideally we'd raise taxes (on the rich) and cut military spending so we'd have enough money for what's budgeted.


However, in this case, we're talking about money that's already been spent. Defaulting is the worst "solution" possible.

 

[Mr. Somebody]

Should I stock up on canned goods and prepare for a mad max welcome to the thunder dome type of future for the US?

If thats the future friend you better stock up on bullets not canned goods because while friends are sitting comfy with their canned goods and water the guy next door has an ak with an extended clip and a lot of bullets.

Whos going to go hungry, him or you?

Its so demonic, friends.

 

[DEAD7]

another take.