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In Reply to: RE: Let's hope 'they' don't default posted by Jay Buridan on May 24, 2023 at 21:10:05
Point taken, Jay.
WE are US and the default will belong to us ALL. And we will all pay the price as stuff like my retirement goes to crap and inflation goes thru the roof and who knows WHAT other potentials.
Unintended Consequences rule......
Too much is never enough
Follow Ups:
I'm not Ken Fisher so don't ask me what the hell that means, but whatever it is, it's still going to be bad. If I and others were to default that would be a different story
He's probably selling off his investments this evening. He just wants to beat everyone to the punch.
"Horse sense is the thing a horse has which keeps it from betting on people. "
― W.C. Fields
truly fucked because it takes much too long the verify anything whatsoever. They are a fiduciary institution - " Individuals with fiduciary responsibility are legally obligated to act in their clients' best interests instead of their own "get me off this fucking planet
Edits: 05/26/23
When you quit paying your bills, I'd say you are in default.
It is the method that bugs me. Using this as a wedge issue is EVIL in the extreme. Especially when the opportunity exists to fix it once and write a law which would cover this situation than reduce spending by some formula where all bear the burden equally......
Having a section of the budget called 'entitlements' which is essentially off-limits is intellectually dishonest....And a form of pandering for votes.....
A question to be answered? Does the government pass laws encouraging dependence or to people demand services which makes them dependent?////
Too much is never enough
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