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10/13/2013 3:22:34 AM
9
nothing. a big "sorry, blame the republicans " speech from the white house. and that's that.
it happened before(minus the blame x party) and it would happen again.
English
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No, shutdown =/= default.
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America hasn't defaulted from its national debt yet.
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it in fact did, post revolutionary war. "big sorry we couldn'ta done it without you but f*ck you we're currently broke as a muthaf*cka" speech to france and spain. >your [url=http://media.npr.org/assets/img/2011/02/03/sriracha2_wide-e4a7cac45f046cdc40cfa5842cbe4f0cf8b5f0ec-s6-c30.jpg]jello[/url] when you know this to be true and guess what? most of the US debt is owed to the US. who's gonna ask for their money back this time? it would just lead to hyper inflation to print more money to pay the us what it self-owes.
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Post revolutionary war U.S. =/= U.S. now.
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Seeing as America was kind of a new country out of the Revolutionary war, does that really make them accountable seeing as the entire America was mostly farmers? Also, what was the effect of a new country defaulting? Compared to a developed country, the world economy probably wasn't affected much.
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yes, the nation owed several million dollars to their allies which was only paid off partially decades later. it's allies took a net loss for the quarter century.
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Which, if we compare this post to your original, means that something did happen, and several million dollars in the late 1700's was pretty damn catastrophic. So, something would happen, unlike what your original post said.
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heh, one man alone provided over $12 million to fund the revolution, as well as lending his family's cannons. he went broke. wars have always been expensive(unless you're a manufacturing based economy) all we did? Tax whiskey(it was mostly moonshine back then), tax Tobacco even more. whiskey rebellion ensues, is put down we drop the articles of confederation for being too federally weak and troublesome and adopt the modern constitution in 1791. now i expect $20 for teaching you a history lesson.
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Yeah, I don't think there will ever be a single man or woman right now that is willing to pay off the entire US debt by themselves. People are greedy nowadays. And again, I point to your original post saying that nothing will happen if the US defaults. War is meant to stimulate economy, if done correctly. And people want to have a small government nowadays. Based on America's size, a small government = Articles of Confederations all over again. Why should I pay you $20 for something I already know? That's like saying, "Pay me $20 for you having $20."
