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US Government to go bankrupt next week (breaching $8.2 trillion debt ceiling).
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| kush paintings |
| What's this about going bankrupt next week? |
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| Capitalizt |
If the debt ceiling isn't raised, the bills won't get paid...and we could have a spending freeze/government shutdown.
Personally I think it would be a good thing... |
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| St_Andrew |
| quote: | Originally posted by Capitalizt
Personally I think it would be a good thing... |
I agree, guess it will be raised though? |
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| Yoepus |
maybe they should have a "one day only pay no interest" promotion and refiance their mortage...
:happy2: |
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| occrider |
| quote: | Originally posted by St_Andrew
I agree, guess it will be raised though? |
If the government doesn't want a complete collapse of the dollar they'll raise it. |
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| mizzuno |
| quote: | Originally posted by occrider
If the government doesn't want a complete collapse of the dollar they'll raise it. |
The dollar is far from collapse, in fact it has been rising vs the major currencies. If i were constituents of the euro zone, i would be more worried about their abysmal GDP and the large share of the budget that are going to entitlements and the decline of the tax base.
The total value of net US household assets has eclipsed 44 trillion, i don't think we have to be too concerned as of yet. |
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| occrider |
| quote: | Originally posted by mizzuno
The dollar is far from collapse, in fact it has been rising vs the major currencies. If i were constituents of the euro zone, i would be more worried about their abysmal GDP and the large share of the budget that are going to entitlements and the decline of the tax base.
The total value of net US household assets has eclipsed 44 trillion, i don't think we have to be too concerned as of yet. |
I was referring to what would happen if the government defaulted on its debt by not raising the debt limit ;) |
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| mizzuno |
| quote: | Originally posted by occrider
I was referring to what would happen if the government defaulted on its debt by not raising the debt limit ;) |
ah i should have read more carefully. I agree. |
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| Capitalizt |
| 1.2 billion to go...Wow, this could really happen. |
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| Sunsnail |
| next week? looks like it'll happen tomorrow |
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