What Will It Take to Resolve the Debt-Ceiling Standoff? A Stock Market Plunge.

I know the leaders are going to the White House tomorrow but you know President Biden is still going to dig his heels in and not compromise

It's the main reason I left the democrat party. The lunacy of the last few years has solidified my decision, but there has to be a breaking point where we the people say that it's time to stop spending all of our money on stuff that doesn't benefit those that pay in. The handouts have to stop.

I would be happy with a stalemate that closed down the government for a year or two but that when it reopened, the surviving government workers would be paid all the unearned wages. Sadly, there is no solution. We have spent all the credit there is as well as all the money there is. Our bureaucrats are placing orders and punching their time cards, and vendors are filling those orders and paymasters are writing checks even though there is no real money to pay for it all. The Federal Reserve is printing money (or making electronic deposits to banks) with no real value behind it. Thus, the dollars in our pockets and in our savings accounts are simply deflated so that the existing value can be spread thinner and thinner to cover all the money in circulation. Thus, while our politicians promise to tax only the rich, the poor are being taxed secretly with inflation. Just wait until the world decides that the dollar is no longer viable as the Reserve Currency. The Great Depression will look like a minor inconvenience by comparison.