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Source: https://bsky.app/profile/katie0martin.ft.com/post/3mcpsqmprjx25
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As if the current administration would ever do such an outdated thing as "paying back a loan". Of course getting a new loan is a problem for future-US.
Defaulting on a loan would have disastrous consequences.
There will be no default. Just printing of money once GOP controls the FED.
I'm dreaming with this. Burgerland stops paying a loan and not only they stop getting any more loans, they simply could close the binders and say there is no country anymore.
The internal chaos that would ensue would force us to invent a new term: fourth world, for a country that fell so low that even third-world sounds too good for them.
Only problem I can see if they play that card, there’s a pretty good chance the US population responds by burrowing further up its own ass. Eventually, you have a very well armed rogue state (assuming we don’t already have one just yet).
The US population that would burrow further, will burrow further no matter what Europe does. They're in a self-destructive cycle that requires no outside catalysts at this point.
The other half of the population would invariably be hurt alongside them, but I don't think they'd suddenly turn and see Europe as the bad guy. Some of them would probably consider exercising jus sanguinis claims to European nationality, no matter how flimsy, in an attempt to leave their crumbling economy and fascistic government.
If Europe thinks this will merely be another American Civil War, localized to some far away hemisphere, I ask that they consider whether the situation more closely parallels World War II. There may come a day where the US attacks a NATO ally like Canada, triggering an Article 5 response. A Barbarossa in 2 years time, a D-Day in 4.
Bit hard to imagine a direct world war between nuclear powers.