Until now, U.S. debt has been considered virtually risk-free. The riskiness of all other assets around the world is benchmarked against the relative safety of U.S. Treasury securities. If the U.S. government reveals itself to be an unreliable borrower, however, expect to see shockwaves course through every other financial market, as many question how safe (or not) those other investments might be. This is the last thing the economy needs amid fears of a global recession.
- Catherine Rampbell
@tgraph52 #politics #economics
IMO this current issue is an attempt of the radical right wing (aka "Freedom Caucus") to destroy the American government at any cost.
They don't give a rat's ass about anyone other than themselves. While they don't meet the legal definition of traitors, I pretty much view them as such.
And they will glory in all the negative attention because it will get them votes, even if their constituents suffer from these actions.