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  1. #13
    Part-Time Polemic Senior Member ICantSpellDawg's Avatar
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    Default Re: US Federal Government Shutdown

    We are obviously going to default sooner or later, let's just get the show on the road.
    If the US defaults and loses a credit rating with more agencies, wouldn't this have a positive effect on other types of investment? Or would the entire standard be lowered. If people thought that the US government was irresponsible, shouldn't a recognition of this fact drive bond US prices higher, interest rates up? Wouldn't this drive money into a private sector which looks better by comparison at the same time as it dosincentivises government borrowing? Collapse of trust in government does not mean trust is gone. We live in a trust vacuum - if the government loses hold, you find trust in another's hand.

    Fingers crossed for crossing the Rubicon. Government should be shown for how untrustworthy and profligate it is.

    I think the GOP is finally ready to shoot the proverbial hostage. Please fold your arms, curl your body forward and brace for crash.

    Also, I can't believe that there are so few articles which highlight an upside. There is literally an upside to everything. There has to be an upside to this, since it is our more likely by the minute course
    Last edited by ICantSpellDawg; 10-16-2013 at 00:28.
    "That rifle hanging on the wall of the working-class flat or labourer's cottage is the symbol of democracy. It is our job to see that it stays there."
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    (Lincoln's First Inaugural Address, 1861).
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