Probably won’t lead to anything other than no reconciliation/infra bills passing, but the idea of the economy collapsing and Joe Biden getting ragingly angry at questions on it in a press conference is entertaining
Going from ironically cheering on the collapse of our fake ass economy to unironically cheering on the collapse of our fake ass economy
It won't matter if we default or not. The economy is fucked either way, this is just window dressing.
Personally, it kinda feels like we are allowing all these things to just happen so no one has to take the blame.
"Don't look at me, he roped me into this!" But for politics.
Also, there is a large part of me that sees all of this as a controlled demolition ala Shock Doctrine.
Fuckin hell, you could be right. They could be scared at how wages are going up, and they're just self destructing the whole thing
Especially when you consider how we use disasters in other countries to force a desperate and disorganized population into compliance.
I guess it could be but I dont see why they would need to demolish anything, it still works fine for them.
We are facing a world wide pushback against capitalism, the death our our empire's legitimacy, at the same time that our financial system hits it's ceiling. I'm not sure there is any path forward for the status quo that doesn't involve some form of restructuring of our society.
Everyday more people arrive at the conclusion that the status quo has lead us to our destruction. And since colonizers only know how to colonize, how do they regain control of a society that doesn't recognize the status quo as legitimate?
Because the Consumer/Service economy party is over. Boomers are getting too old to consume in the same ways they have for 50 years, and soon they will start literally dying. Younger people are broke, jobs that are useful can't hire anyone because the conditions and pay are dogshit, and the ones with money have zero interest in the old consumer system - look at the rise of crypto, the "FIRE" movement, etc everyone is desperately trying to run away from participating in the economy in general.
The economy is fucked either way
The economy is only fucked because we outsourced everything twenty years ago and have decided to pick fights with our largest trading partners.
All this pain is completely unnecessary. Just like with COVID, the nightmare can be over inside two weeks if the majority of people simply choose to do the right/smart thing. But they won't, because they've got a vested financial/ideological interest in pissing into the wind.
Also, there is a large part of me that sees all of this as a controlled demolition ala Shock Doctrine.
Meh. This is "Bush Did 9/11" territory. Like, yes. Technically we could talk about it being possible. But I don't see anyone currently running the country that can draw a clock, much less orchestrate a deliberate dismantling of the US economy that would involve:
- Rising wages
- Weakening US Dollar
- A rekindling of the long-thought-dead leftist political movements
- Critical failure of profit center industries
- Frantic, clumbsy embrace of moribund and unpopular social policies
- Spread of a highly contagious disease that mostly kills old people
This doesn't look like a controlled anything. It looks like a disintegration of post-WW2 institutions as Boomer-gen politicians scramble to herd increasingly rebellious and hot-headed residents in the only ways they still know how. I don't believe anyone at the top of this dinosaur knows where its feet are at, much less what direction it should be going.
It's about 150% of GDP. Higher than the national debt, which is already a critical obstacle to the government as-is.
That sounds cool, I just want to get a house and some fruit trees and guns and appropriate-tech machines by the time that happens.
Biden: "There's only one way Mitch McCornPop and I can resolve the things we don't agree about: Meet me in the octagoop you coward!"
:biden-harbinger:
Can't wait for our credit rating to drop again, only for bond prices to jump, just like ten years ago.
The rest of the world is moving on, but America really is just doing reruns in their End of History moment.
this is the second time they threaten with this, absolutely they don't have the balls to do so and also have very little imagination, but biden will end up caving anyway, just like obama did.
I've been too consumed with climate doomerism to follow Amer*can politics lately, what's McConnell actually trying to achieve here? Like, is he using this leverage to pass anything of his own? Is he trying to stop the infrastructure bill? Is he trying to tank the economy to make the dems look bad? I'm gonna go with my personal head-canon that he's intentionally trying to fuck up the world economic system and remove the American dollar as global currency so he can try and shill his new shitcoin as the next petrodollar.
none of this makes sense to me either, but it seems that this is empty posturing from the GOP as the "fiscally reponsible party" meaning that we can look forward to debt limit being a partisan issue every time there's a democrat incumbent. further, i don't know why dems are trying to negotiate with republicans since they already have a simple majority, enough to raise the debt ceiling, i assume that either the progressive caucus is also holding the infrastructure/conciliation bill hostage and can't reach simple majority, and thus they're trying to recruit GOP legislators to pass it without conceding to any of AOC's and Bernie's demands, or they are just fucking stupid and are also doing empty "bipartisan concensus" posturing, which would mean congress is deadlocked over literally nothing except emtpy gesturing, congress is a fiction, money is fake and reality has already crumbled.
