The federal government could default on its debt as soon as July, a new forecast from the Bipartisan Policy Center warns, raising pressure on Congress for action.

The prominent think tank forecast Monday that the so-called “X-Date” would likely arrive between mid-July and early October.

  • eric5949@lemmy.world
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    14 days ago

    Bring on the collapse of the United States, I will never forgive the idiots who brought this chaos about.

    • BassTurd@lemmy.world
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      14 days ago

      Everyday that passes makes it easier to justify writing out family. Gonna be some hard truths with the family I care about in the near future as various family events are getting planned. But, I don’t hang with fascists, so that’s how it goes.

      • EvilBit@lemmy.world
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        14 days ago

        I get that disrupting family dynamics sucks, but “I don’t hang with fascists” has gotta be like the easiest and most beneficial life rule anyone could ever adopt. My dad’s a piece of shit. I walked away and have never looked back.

      • eric5949@lemmy.world
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        14 days ago

        I don’t hang with fascists but if any of them want to admit they were wrong I’ll gladly fight alongside repentant former fascists to get my country back. They can’t expect forgiveness from me though, ask God instead.

        • BassTurd@lemmy.world
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          14 days ago

          I said it in a comment a while back, my brother didn’t vote, but his rhetoric leading up to and to my understanding even after the election were almost just as bad. I’ve said that at the next election, I’ll determine if we will ever talk again depending on the state of the country and the my loved ones. The only reason he has that chance is because he didn’t vote.

          If any of these people decide that they were wrong and truly want to help turn shit around, I’ll accept the help, but that’s where the buck ends. We will never again have a relationship.

      • ToiletFlushShowerScream@lemmy.world
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        14 days ago

        One of the best decisions I’ve ever made was cutting contact with the most racist and hateful in my family. It was much easier than I thought, I sleep much better at night. Last I heard, half of my siblings and a few nieces have followed suit. Don’t let their poison hurt you.

    • MagicShel@lemmy.zip
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      14 days ago

      I mean when we all have to become chicken farmers to eat, yeah eggs will be dirt cheap.

    • BrianTheeBiscuiteer@lemmy.world
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      14 days ago

      We need to stop invoking this mantra. Joe didn’t really do much to make egg prices go up [or down] and Trump clearly isn’t trying on that front either. If/when they do come down you’ll just vindicate the other side. I actually have seen lower prices at my local grocery. 2022 prices? IDK, but definitely lower than a couple weeks ago.

      • partial_accumen@lemmy.world
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        14 days ago

        Joe didn’t really do much to make egg prices go up [or down] and Trump clearly isn’t trying on that front either.

        To the best of my knowledge Joe never made claims either way on egg prices. trump campaigned on lowering egg prices.


        Speaking next to a table of packaged goods during an August press conference, Trump promised, should he be re-elected, to lower grocery prices on “day one.”

        “Grocery prices have skyrocketed. Cereals are up 26 percent, bread is up 24 percent, butter is up 37 percent, baby formula is up 30 percent, flour is up 38 percent, and eggs are up 46 percent,” he said. “When I win, I will immediately bring prices down, starting on day one.”

        source

        So egg prices continue to rise and what is trump’s response to the American people after getting elected? “Shut up about egg prices”.

        "The new numbers come days after Trump posted a link to an article with the headline “Shut Up About Egg Prices ― Trump Is Saving Consumers Millions,” written by right-wing activist Charlie Kirk, on Truth Social. "

        source

      • just_another_person@lemmy.world
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        14 days ago

        The problem is that he lied to people to gain votes about handling. We absolutely DO NOT need to stop invoking it whatsoever. Every lie he told should be constantly spouted back at him and his cronies.

        • BrianTheeBiscuiteer@lemmy.world
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          14 days ago

          Then I would say make his promise a key part of the criticism. Other people are going to parrot, “How about those cheap eggs?” but probably have nothing else to go off of if/when eggs aren’t so expensive anymore. Just don’t give people a “Jerkstore” insult (Seinfeld) and leave them with no backup.

        • Ferrous@lemmy.ml
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          14 days ago

          Every lie he told should be constantly spouted back at him and his cronies.

          Why? Honest question. What’s the point?

          • just_another_person@lemmy.world
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            14 days ago

            If you honestly do not understand the point, then your parents must have failed to instill in you the very basic concept of civics and responsibility, or you’ve just chosen to be the kind of person that is constantly steamrolled and taken advantage of and have no intention of fighting back against injustice.

            Either way, I’m so sorry for you.

            • Ferrous@lemmy.ml
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              14 days ago

              Way to dodge the question. I’ll try again: what is to be gained by highlighting Trump’s hypocrisy?

              The fact that you not only dodged the question, but got hostile, makes me think you already have an idea.

              • just_another_person@lemmy.world
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                14 days ago

                No dodging. If you truly don’t understand, then it’s like trying to explain the flavor of an orange to someone who has no tastebuds and has never tasted anything before.

                From the most practical standpoint and at a bare minimum, it’s pointing out his lies and failures to people who may have voted for him to erode his support and form a larger resistance to his wants and wishes. Say nothing, and do nothing.

                • Ferrous@lemmy.ml
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                  14 days ago

                  pointing out his lies and failures to people who may have voted for him to erode his support

                  What evidence do you have that this works? If anything, the last decade has demonstrably proved that this idea is false.

                  You can appeal to facts and logic until the cows come home, but you’re not going to make a dent in his approval rating or quell fascism. This is pure liberalism: the idea that the marketplace of ideas is what ultimately turns the wheel of history - the idea that with an epic enough slam, with enough scathing blasts, with enough late night talk show hit pieces, with enough appeals to facts and logic, you can convince a fascist to reason themselves out of being fascist. Although that might work once in a blue moon, it’s not how you systematically stop fascism. Fascism thrives when material conditions for working-class people start to deteriorate, so the only way to stamp it out is either to kill the fascists or make material changes to the daily lives of working people. The dems have shown zero interest in doing either. It is pretty scary to me that your idea of “fighting injustice” ultimately just boils down to virtue signaling online about how you’re so much smarter than the fascists who fail to see (or simply dont care) about Trump’s hypocrisy. Liberals are getting mighty jumpy since the only recourse they have included in their poltical framework is linking politifacts on Facebook and hoping fascism magically dies.

      • Auli@lemmy.ca
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        13 days ago

        I mean Trump campaigned on lowering egg prices. So I think it’s fair. I believe he said day one.

      • Bristingr@lemm.ee
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        12 days ago

        Nah, when the MAGA cult was screaming at Biden about the price of eggs and Trump ran on the promise of lowering them, they absolutely should be reminded and called out for every day.

        Also, not sure what you’re talking about grocery store prices still continue to rise where I’m at.

    • Coreidan@lemmy.world
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      14 days ago

      First term was for setting the stage and for loading the courts with corrupt judges.

      This term is for executing the agenda.

  • ceenote@lemmy.world
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    14 days ago

    It’s very unlikely to happen. Republicans don’t want it to happen while Trump is in office. Democrats don’t want it to happen at all; this isn’t like a government shutdown - it would be a catastrophe. The only question is what riders will slip in.

    • athairmor@lemmy.world
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      14 days ago

      I’m afraid there are American oligarchs who do want it. They could end up owning everything. They don’t care how much people suffer if it consolidates wealth and power for a few.

    • skozzii@lemmy.ca
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      14 days ago

      As crazy as it sounds, bitcoin, if US market crashes, all markets crash.

      Gold would be good too, but I find it to be just as valuable as bitcoin in the real world - worthless to me, but a way to store wealth.

    • frezik@midwest.social
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      14 days ago

      Nobody knows. The world economy is built around America always paying its debts.

      But there is one thing: build mutual aid networks that can thrive without money being involved.

    • 50MYT@lemmy.world
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      14 days ago

      Positioning to take the smallest impact.

      Gold, Bitcoin will be ok, but still traded to the US dollar.

      EU stocks, but they will take a hit too, but might not be as bad.

      Market short positions, but the sell on this is still us dollars.

    • Zombie-Mantis@lemmy.world
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      12 days ago

      Invest in your community, talk to your neighbor, collectively stockpile shelf-stable staples like rice and beans in-bulk. No working-class Americans survived the Great Depression because their stock portfolio was clever, they survived on bare necessities and strong communities.

  • inclementimmigrant@lemmy.world
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    12 days ago

    No worries, Democrats will vote for whatever the Republicans put together, like selling California to Russia in exchange for Canada and passing an amendment that makes slavery of minorities legal again in the name of bipartisanship and making sure the Republicans won’t get blamed for any default.

    • gravitas_deficiency
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      14 days ago

      I think it’s very possible. And I think orangeboi will threaten the people doing the ratings in various nonsensical ways. And when the default does happen, the world will probably begin to move away from the USD standard, which is probably good for the world in the long term.

      • Coreidan@lemmy.world
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        14 days ago

        Nah. Too many rich cunts afraid to lose their stolen goods to let that happen.

        • gravitas_deficiency
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          14 days ago

          Dude, they’ll just shift their assets into GBP or Euro. The UK will probably offer tax incentives and sweetheart deals, because being the world reserve currency actually gives you shitloads of soft power (so long as you don’t plot a flight plan into a mountain, which is what we’re doing right now).

          • Sludgeyy@lemmy.world
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            14 days ago

            You can not simply “shift” billions of dollars from one currency to another.

            As much as the rich people with billions want to get rid of the USD, the people willing to give GBP or Euro for USD don’t have to accept. Why would they want to be holding on to the USD if the others don’t?

            They could be slowly doing it right now, but if the shit hits the fan, the exchange rate would jump.

            • gravitas_deficiency
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              14 days ago

              Yeah- lots of things would “jump” it would be a catastrophic process. That’s my entire point. Lots of people would stand to lose a lot of money, but those who have inside knowledge stand to be able to save a large fraction of their wealth, while everyone else becomes a serf, because all of their investment and savings will be worth jack shit. And I think that’s one of the points of this whole circus.

          • Coreidan@lemmy.world
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            14 days ago

            All of those currencies will fall before USD.

            USD is king. It has to stay that way otherwise they lose everything. It won’t happen.

            • gravitas_deficiency
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              14 days ago

              I genuinely do not understand what the hell you’re talking about, and I’m American.