Who here, in preparation of a possible US gov default...

[enoch150]

Or they could just go back to the 2007 budget. The government spent $2.7 trillion that year. Everybody takes a little haircut.

 

[erowe1]

I'm referring to a literal default (as opposed to default by inflation etc). If we can service the debt (which we can) then there is no LITERAL default, right?

It's like Seraphim says, if the federal government fails to pay any of its obligations, that is a default. If they don't raise the debt limit, then somebody's not going to get something they were promised.

And the sooner that happens, the better.

 

[ronpaulfollower999]

One-month T-bill yield rises to highest since 2008

Better than your typical savings account. Still pays nothing really.

 

[fr33]

I've got a big stash in a savings account due to an oil company forcing a pipeline on me via imminent domain. I hope to have it spent on a house within a week. I like the house. I need a new house. And tbh I need to get most of it out of the bank. I've been nervous as hell about it since it was in there.