this post was submitted on 24 Mar 2025
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The federal government could default on its debt as soon as July, a new forecast from the Bipartisan Policy Center warns, raising pressure on Congress for action.

The prominent think tank forecast Monday that the so-called “X-Date” would likely arrive between mid-July and early October.

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[–] inclementimmigrant@lemmy.world 5 points 5 days ago (1 children)

No worries, Democrats will vote for whatever the Republicans put together, like selling California to Russia in exchange for Canada and passing an amendment that makes slavery of minorities legal again in the name of bipartisanship and making sure the Republicans won't get blamed for any default.

[–] eric5949@lemmy.world 113 points 1 week ago (1 children)

Bring on the collapse of the United States, I will never forgive the idiots who brought this chaos about.

[–] BassTurd@lemmy.world 56 points 1 week ago (3 children)

Everyday that passes makes it easier to justify writing out family. Gonna be some hard truths with the family I care about in the near future as various family events are getting planned. But, I don't hang with fascists, so that's how it goes.

[–] EvilBit@lemmy.world 33 points 1 week ago

I get that disrupting family dynamics sucks, but “I don’t hang with fascists” has gotta be like the easiest and most beneficial life rule anyone could ever adopt. My dad’s a piece of shit. I walked away and have never looked back.

[–] eric5949@lemmy.world 25 points 1 week ago (2 children)

I don't hang with fascists but if any of them want to admit they were wrong I'll gladly fight alongside repentant former fascists to get my country back. They can't expect forgiveness from me though, ask God instead.

[–] WuceBrillis@lemm.ee 21 points 1 week ago

I'll forgive them when they earn it through action!

[–] BassTurd@lemmy.world 7 points 1 week ago

I said it in a comment a while back, my brother didn't vote, but his rhetoric leading up to and to my understanding even after the election were almost just as bad. I've said that at the next election, I'll determine if we will ever talk again depending on the state of the country and the my loved ones. The only reason he has that chance is because he didn't vote.

If any of these people decide that they were wrong and truly want to help turn shit around, I'll accept the help, but that's where the buck ends. We will never again have a relationship.

One of the best decisions I've ever made was cutting contact with the most racist and hateful in my family. It was much easier than I thought, I sleep much better at night. Last I heard, half of my siblings and a few nieces have followed suit. Don't let their poison hurt you.

[–] SoupBrick@pawb.social 65 points 1 week ago (5 children)

We all agree to swap to the metric system after the collapse, right?

[–] CosmicTurtle0@lemmy.dbzer0.com 35 points 1 week ago (1 children)

So long as we can also codify democracy, outlaw first past the post voting, limit wealth accumulation, make facist conservatism illegal, and, for good measure, move to a parliamentary form of government with representative apportionment.

[–] corsicanguppy@lemmy.ca 2 points 5 days ago

Wow. You are so close. Can you say "soory" and learn to ride a m∅∅se? Say 'progress' like 'protest'?

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[–] TachyonTele@lemm.ee 44 points 1 week ago (17 children)

Trump is doing great at lowering those egg prices...

[–] MagicShel@lemmy.zip 9 points 1 week ago

I mean when we all have to become chicken farmers to eat, yeah eggs will be dirt cheap.

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[–] Lemmist@lemm.ee 25 points 1 week ago (4 children)
[–] ZombieMantis@lemmy.world 1 points 5 days ago

It'd be collapsing-the-entire-US-economy bad, at the very least, which would probably cause a massive disruption across the whole world.

[–] MagicShel@lemmy.zip 46 points 1 week ago (9 children)

It would be very, very bad.

[–] fluffykittycat@slrpnk.net 15 points 1 week ago

If that happens we might as well do a Communist Revolution and do away with money entirely because at that point the whole system's fried, literally dysfunctional

[–] TransplantedSconie@lemm.ee 14 points 1 week ago (1 children)

Like back to trading bever pelts bad.

Like inevitable nuclear exchange bad.

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[–] Xanza@lemm.ee 18 points 1 week ago (1 children)

It's actually difficult to state how bad it would be. People use the United States dollar as a reserve currency because it's a trusted currency. It generally maintains its value.

It's in a precarious situation because it's not backed by anything but the Word of the United States Government. As soon as that government starts to default on loans there's absolutely nothing propping up the dollar as a reserve currency.

People will start to look for alternatives immediately. Which will absolutely tank the value of the dollar which will lead to more people looking for alternatives which will take the value which will lead to more people looking for alternatives which will tank the value....

Essentially you're looking at runaway hyperinflation until the value of the dollar reaches somewhere between literally shitting in your hand and a punch directly in the face...

You think the price of eggs are high now? Imagine how high they're going to be when nobody will accept cash for them, only barter. Literal fucking Pokémon cards are going to be worth more than the dollar very very soon. And the worst part of that statement is it's barely an exaggeration.

[–] Treczoks@lemmy.world 8 points 1 week ago

There are so many dollars stored away by countries all over the world primarily because it is a currency accepted nearly everywhere, especially for oil. If this domino falls, the currency will tumble. There are calculations that this would bring the us dollar down to 10 to 15 Euro-cent.

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[–] Spacehooks@reddthat.com 22 points 1 week ago (1 children)

I expected this his first term. Let's see if it happens in round 2.

[–] Coreidan@lemmy.world 12 points 1 week ago

First term was for setting the stage and for loading the courts with corrupt judges.

This term is for executing the agenda.

[–] ceenote@lemmy.world 17 points 1 week ago (1 children)

It's very unlikely to happen. Republicans don't want it to happen while Trump is in office. Democrats don't want it to happen at all; this isn't like a government shutdown - it would be a catastrophe. The only question is what riders will slip in.

[–] athairmor@lemmy.world 22 points 1 week ago

I’m afraid there are American oligarchs who do want it. They could end up owning everything. They don’t care how much people suffer if it consolidates wealth and power for a few.

[–] BigMacHole@lemm.ee 13 points 1 week ago

If the People who will Feel the Pain First and Hardest were told to ALSO Stockpile Guns and Ammo I would be VERY Worried as a Politician! But FORTUNATELY we DONT live in that type of Country! We live in a Country where Dead Kids are a UNITING ISSUE and not a Polarizing one!

[–] Rolder@reddthat.com 8 points 1 week ago (5 children)

So hmm, how should I be investing my money now to avoid being screwed if this happens…

[–] frezik@midwest.social 3 points 6 days ago

Nobody knows. The world economy is built around America always paying its debts.

But there is one thing: build mutual aid networks that can thrive without money being involved.

[–] ZombieMantis@lemmy.world 1 points 5 days ago

Invest in your community, talk to your neighbor, collectively stockpile shelf-stable staples like rice and beans in-bulk. No working-class Americans survived the Great Depression because their stock portfolio was clever, they survived on bare necessities and strong communities.

[–] Akasazh@lemmy.world 2 points 6 days ago

Bricks and non perishable food

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