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Powell’s Unlucky Fed Stares Into Default Oblivion
Jerome Powell, officially the least popular Fed chair since Gallup began tracking public confidence
I do believe that the 14th amendment bars the debt limit. This strategy should be clearly and simply pursued. I’ve haven’t seen any polls yet on who will be blamed for a default. Last time, the Republicans were but a horrendously flawed rollout of the ACA changed the subject….
I’m skeptical of the 14th Amendment route. That the government’s [existing] debt shall not be questioned is not the same as saying the government may incur [new] debt.
I think the US government could, on X day, begin a shut down of functions other than debt service and military.
Stop, let’s say, Social Security and Medicare benefits and how long will the political impasse endure?