Discussion about this post

User's avatar
TakingAmes's avatar

Sounds like he has before, so I wouldn't be surprised.

Expand full comment
2Cats2Furious's avatar

They are 2 different things.

The debt ceiling must be raised (as it was 3 times during TFG’s presidency) in order for the US to pay for PAST obligations already incurred. There has never been a default on US debt obligations, and it is widely considered that such a default would lead to a complete global financial collapse.

OTOH, there have been multiple times when the federal government has shut down because of a failure to reach a budget for FUTURE spending. These shutdowns are generally temporary (I think the 2018-19 might have been the longest one). They suck, but don’t have the same catastrophic impact that a default on debt would have.

Expand full comment
282 more comments...

No posts