Quote:
Originally Posted by MZ DAIZY
I can’t find any diminutive answers, but it looks like if we default, the stock market (and everyone’s retirement funds) will take a massive hit.
My IRA has already taken a 20% hit since Brandon became pResident. Brandon already said he’s “blameless”. I don’t see this ending well for anyone. Brandon and the Dims are hell bent on destroying this economy and taking the country with it.
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There's no definitive answer to this, as though the US has been very close to a default a few times, the US has never actually defaulted on its debts before, and thus, no history/playbook to refer to on a default aftermath.
So IF a default were to happen, this would be a first.
IMO, it wouldn't just be the stock market/retirement funds affected. It would affect everyday life of everyday citizens globally. I don't even want to imagine the potential chain of events that could possibly be set off by a default
