Quote:ordnance11 wrote:Ord, what the post you're replying to is saying is that it is a violation of the US Constitution to default on the national debt. We are specifically prohibited from failing to service the debt, therefore, we will have to divert money from the all-holy vote-buying programs in order to continue to do so.
But is he an economist? So far, I haven't heard of any economist telling us that a default won't have serious consequences. Besides, the treasury department stated that they hit the debt limit last May. October 17 is when extraordinary measures are no longer going to be enough.
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Sucrose Octanitrate.
Proof positive that with sufficient motivation, you can make anything explode.