I think there WILL be a default. Because...

[WarGamer]

Trump said so.

In a televised CNN town hall appearance, Trump said Congress should claw back money allocated in Biden's domestic spending legislation. "If they don't ... you'll have to default," Trump said. He added consequences of a default could merely lead to "a bad week or a bad day."

And don't forget 40 vote Speaker McCarthy and his precarious position in th eHouse.

MTG and her ilk won't budge.

I believe we'll see a default, they'll pass legislation that keeps vital things running like SS and we see things like National Parks closing and most gov't workers furloughed.

Kinda like in a Gov't shutdown which we've had before.

After a few days, politicians will tuck tail and run back to negotiate.

[Deuxcents]

1. If this scenario is what happens..it's too late for them to run back to negotiations

The damage will have been done to our credit here and abroad, the stock markets, here and abroad and the economy in general. Jmo

[ret5hd]

4. Kinda like Brexit...

1) too late to turn back once it’s happened

2) engineered by Putin

[Rhiannon12866]

28. +100!

[Walleye]

2. I don't think it works that way, Social Security will not be there

So many people are getting default on the debt mixed up with a government shut down. The minute we default interest on all our debt goes up. We can’t borrow more money to pay back the money we borrowed. I really think most people especially in the GOP have no idea what is involved. Janet Yellen knows

[WarGamer]

6. from Treasury.gov

However, the Treasury can use extraordinary measures authorized by Congress to temporarily suspend certain intragovernmental debt allowing it to borrow to fund programs or services for a limited amount of time after it has reached the ceiling.

Since the United States has never defaulted on its obligations, the scope of the negative repercussions related to a default are unknown but would likely have catastrophic repercussions in the United States and in markets across the globe.

The longer a default existed... the more severe the ramifications.

[Walleye]

9. If Extraordinary measures have to be authorized by Congress we're back to where we started

I think we have been using extraordinary measures for months when you reached the ceiling sometime ago. As I understand it

[WarGamer]

10. Can you imagine either side NOT authorizing

extraordinary measures for SS, Medicare, etc?

It'd be political suicide.

[Walleye]

11. I think the Republicans desire political suicide

I don’t even think they know what they’re threatening because they are counting on Democrats to pull things together again. We are not dealing with logical reasonable people here

[GoodRaisin]

24. They are counting on BLAMING Democrats/Biden for the default and their ignorant voters

believing it. Fox News is ready to go with the banners “BIDEN DEFAULTS”. “BIDEN CAUSES SOCIAL SECURITY PAYMENTS TO STOP”.

[Walleye]

32. They say whatever they want about Biden,they say he's a pedophile and taking money from China

How do you defend against lies that are completely made up

[GoodRaisin]

37. That's what they do, and they will no doubt do it again if there is a default.

[Duncanpup]

27. Good point Walleye.

[CentralMass]

20. Have you looked at the bag of @$$hole they have in Congress ?

[sheshe2]

21. A MAGA, QOP will do nothing.

They have sold out our country. As the economy circles the drain they will flush the toilet again.

[betsuni]

26. After 9/11 if you even began forming a thought critical of the country: WHY DO YOU HATE AMERICA?

they screamed. But now it's like they're screaming WHY DON'T YOU HATE AMERICA?

Amazing.

[Walleye]

33. Yep, Republicans now are commonly saying things that POWs in Korea were tortured for refusing to say

It wasn’t that long ago that elected officials followed the rule of not criticizing the president when he was overseas, particularly on diplomatic missions. They really want the United States to fall and be subservient to Russia. Most of the United States is liberal and democratic, that’s why they hate it

[BOSSHOG]

3. Todays Republicans

They have no incentive to do the right thing. You have to be a sad,disgusting hunk of humanity to live every day like that. NOW, kev wants to cut stuff. And we know what’s off his cut table.

[yaesu]

5. The problem with that, like the last shutdown is that our debt rating will drp

Making borrowing even more expensive and making a recession even more likely.

[James48]

7. I'm ok for now.

I collect Veterabs disability , social security, and a federal pension. I’m ok for a few weeks- but by he end of June it’s gong to be hard. I got food enough, though.

Let it go belly up. I’ll be sure to make everyone know how he GOP did this.

[Deuxcents]

17. I'm happy for you. Not everyone is as fortunate as you

If we go belly up, as you say, the media and the gop will do their best to make sure Biden is at fault. That’s how they roll. I’m on SS and have a little savings but I’m not wanting to spend any of it on a Republican temper tantrum.

[Silent3]

8. A default won't be anything like a mere government shutdown

It will be much, MUCH worse.

Not just for the US, but for the whole world economy.

Biden simply has to invoke the 14th Amendment if no deal happens. To not do so would be catastrophic. Even better, Biden should invoke the 14th sooner rather than later to prevent any damage that simply teetering on the edge of default will cause.

[Walleye]

14. Exactly. People are saying "well like the last time" there hasn't been a last time

Government shut downs happen regularly because of the Republicans. Debt default does not

[brooklynite]

12. WHY can't people understand what a default is?????

This IS NOT a Government Shutdown where Social Security and "essential services" continue despite a budget. The Government runs at a deficit, so it must continually borrow money to spend it. It we don't resolve the debt limit issue, WE HAVE NO MONEY TO SPEND. Period.

[WarGamer]

13. The Treasury.Gov quote above explains that.

[Midnight Writer]

15. The American dollar is the standard, preferred currency of the entire world.

Why? Because it is safe, secure and backed by the United States Government.

If Republicans want to see faith in the American dollar falter, weakening us around the world, damaging international commerce everywhere, and killing the "credit rating" of our nation, causing interest rates to rise, than they will stay on course to defaulting on our debts.

I am convinced that chaos agents within their party would see an economic meltdown as a good thing. As their guru, Steve Bannon says, "We've got to tear it all to the ground, and then start over" in order for them to have absolute power.

They are loony megalomaniacs.

[WarGamer]

16. It's incredibly dangerous... and I think they'll do it

[Johonny]

18. Trump is a moron

Why would anyone trust a thing he says.

[WarGamer]

19. Of course but that's irrelevant.

If he supports it... enough GOP'ers will refuse to vote for a compromise bill.

BOOM. default.

[GoodRaisin]

25. Because ignorance and stupidity abound.

[Phoenix61]

22. I'm sure you do. nt

[Cha]

23. Then DT is "singlehandedly"

Responsible for everyone losing their Social Security like he said he was for Roe V Wade bein Over.

How are the Businesses going to like that SHIT?

[Emile]

29. The republicans are to blame if it happens. Proving once and

for all the economy is better if Democrats are in control.

[Norbert]

30. It's simple. Default, recession, blame Biden 24/7 then the WH and senate is theirs

The MAGA Republicans care about nothing but power. This is now the best way they can get it.

[Buckeyeblue]

31. MAGA want a default, want market's to crash, want a world wide recession/depression

Because these are the conditions most favorable to facism, to being able to drive us closer to ending democracy. A decent economy hurts their chances. But high unemployment, increased poverty, makes the masses ripe for the picking. They will need someone to blame. Trump will swoop in with a list of people.

They can't win at the polls. So this is how they do it.

[Walleye]

34. If Biden invokes the 14th amendment and Republicans put up a fight against it, then they will be

The obvious ones to blame. We need a good Madison Avenue firm on this I think

[Buckeyeblue]

35. We need Ted Olson

[Mysterian]

36. Republicans want to destroy the USA and install a make-up splattered con man as dictator

of a new country they would call Trumpistan or Reaganstan.

Don't underestimate the evil and stupidity of the average republican.

They are the same people who fired on Fort Sumter and started our bloodiest war.