Quote:
Originally Posted by Pornless
I'm hoping for a complete default, but I'll take what I can get.
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You're clearly not thinking about this and just trolling. This is the effect
Interest rates hiked. They might still be hiked as the credit rating agencies who control the interest rate paid on these loans. Might get pissed and worried and hike them anyway, thanks to the Tea Party.
So your mortgage, car payments and CC interest go up.
Then they won't cut the unemployed benefits, that's a small saving. They will cut people who are in a job that's being paid out of the Government purse. It's far better to fire someone sitting in an expensive office on a bought chair at a desk with a computer and shuffling paper than it is to cut 5% off welfare. The welfare bill is going to go up, the services the Government pay for is going to go down.
Think about it for a moment, police, teachers, road sweepers, fireman, paramedics, road building and repairs, factories turning out arms, Government schemes I did here that Congressmen love to get big funding for projects in their Districts.
What else can be cut? Food subsidies, Airports, controllers, etc. Not sure if they're independently run or not. So choose another one.
Only idiots think it will only hit the poor, it will hit everyone who derives an income from US citizens. Because Depressions have a habit of rolling up the scale. A lot faster than wealth rolls down the scale.
Your income is 100% dependent on what people have over after they paid their bills. Porn will be hit like a Mother Fucker. Do I buy $30 worth of porn or food to feed the kids? Extreme example, but you get the idea.