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Travis's avatar

We'd need a supermajority in the senate while holding the house and WH in order to get rid of the pistol via legislation. Don't think that's happening anytime this century. The easiest way to kill the debt ceiling BS in my mind is to let the GOP take the country into default. Once the damage is done the first time the idea of picking up the gun again will be so politically toxic that the GOP won't try it ever again. That's a lot easier to pull off than getting 2/3rds of the senate to agree to get rid of the debt ceiling, and even then you'd need to hold the house and WH in order to get it passed without a veto. Letting the chips fall and then hanging the entire problem around the necks of the GOP is a much quicker and realistic way to end this BS for good. There's also the chance that the GOP does get caught in a bluff and change their minds at the last minute, at which point they look extremely weak. Either way they lose in that no-compromise scenario. They either back off at the last minute or are single-handedly responsible for crashing the economy via default.

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TW Falcon's avatar

I agree the chances of getting rid of the debt ceiling are slim and none. But that's really not relevant to our current situation.

And I think one needs to guard against wishful thinking. There are a lot of serious and knowledgeable people who believe a default would be bad. Like really bad. And there is no reason to believe voters would hold the Republicans responsible for the consequences. Good or bad economic conditions are generally credited to or blamed on the President.

My concern is that the experts are right that a default would tank the economy. And that it would result in Trump getting reelected. I'm not willing to roll those dice.

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knowltok's avatar

Or Biden is single-handedly responsible for crashing the economy for not being reasonable. I come back to the concept that the whole voting public doesn't view the GOP as terrorists.

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