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   on-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ (lain@lain.com)'s status on Friday, 26-May-2023 19:52:39 JST on-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ
   if they don't approve new debt, it's not "the U.S." that will be defaulting, it will be the federal government.
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     radix023 (radix023@noagendasocial.com)'s status on Friday, 26-May-2023 19:56:37 JST radix023

     in reply to

     @lain even that isn't true. default is when you don't make the interest and principal payments on the debt. If they just stop other payments they can make those payments with tax revenues. There is no reason to default.

     on-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ likes this.
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     Curtis Rock, SkD (curtis@social.teci.world)'s status on Friday, 26-May-2023 20:12:10 JST Curtis Rock, SkD

     in reply to

     @lain Yes, but the dollar confidence game will also be up

     on-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ likes this.
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     feld (feld@bikeshed.party)'s status on Saturday, 27-May-2023 01:27:08 JST feld

     in reply to

     • radix023
     the choice is essentially between defaulting or not paying for Social Security and millions of seniors starving or being kicked out of their assisted living
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     on-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ (lain@lain.com)'s status on Saturday, 27-May-2023 01:28:43 JST on-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ

     in reply to

     • feld
     • radix023
     @feld @radix023 how about they don't pay defense contractors instead
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     feld (feld@bikeshed.party)'s status on Saturday, 27-May-2023 01:30:29 JST feld

     in reply to

     • radix023
     it costs $100B per month for Social Security alone.
     on-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ likes this.
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     radix023 (radix023@noagendasocial.com)'s status on Saturday, 27-May-2023 01:30:30 JST radix023

     in reply to

     • feld

     @feld @lain there's more than debt service and senior service in the budget.

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     radix023 (radix023@noagendasocial.com)'s status on Saturday, 27-May-2023 01:35:00 JST radix023

     in reply to

     • feld

     @feld @lain https://fiscaldata.treasury.gov/americas-finance-guide/government-revenue/

     $2.69T already gathered this year

     likely another $2T yet to come

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     feld (feld@bikeshed.party)'s status on Saturday, 27-May-2023 01:35:00 JST feld

     in reply to

     • radix023
     that's great but the Federal government only has less than $25B in cash on hand right now