• WatDabney@fedia.io
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    1 day ago

    I grow more convinced every day that the explicit goal of the Republicans as a whole is to destroy the US - economically, politically and socially - so that they and their cronies and patrons can (so they hope) buy up pretty much everything of value, completely jettison any notion of liberty, justice and democracy and build a theocratic, feudalistic autocracy essentially from the ground up.

    They aren’t undermining foreign relations, destroying the economy and destabilizing the country as some sort of side effect of their agenda - undermining foreign relations, destroying the economy and destabilizing the country is the agenda.

      • chonglibloodsport@lemmy.world
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        22 hours ago

        I think you mean private equity, which act as the scavengers of the economy, dismantling companies and selling them off piece by piece. Venture capital is about funding 20 startups and hoping one of them becomes the next Google.

    • Kairos@lemmy.today
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      1 day ago

      Oh no this is literally what they want to do. Elon musk is at the forefront of it and is straight up too stupid to realize it’ll leave him worse off.

  • cronenthal@discuss.tchncs.de
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    1 day ago

    When Trump started behaving erratically I considered the possibility of the US defaulting on its debt, now I consider it a certainty. The consequences of this are hard to fathom.

    • DarkCloud@lemmy.world
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      1 day ago

      What most people will offer as the result: Some economic results, a stagnant economy where no borrowing is possible. Loss of all ratings from the world bank. Debt repayment systems that cripple economic growth.

      What actually tends to happen historically: Massive inflation and money loss due to it exiting the system. Fascism, mass killing, militarization of Government, invasions of smaller countries. Being a pariah state. Ultimately a world war against you.

    • 10001110101@lemm.ee
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      22 hours ago

      I think they could just print money to pay instead of defaulting because the debt is denominated in USD (still disastrous though).

  • Formfiller@lemmy.world
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    22 hours ago

    The republican tax cuts for the rich and their failed wars since Regan cover the entire deficit and then some.