#and youre secure financially enough that the devaluing of the us dollar wouldnt damage you too much | Explore Tumblr posts and blogs

anotherpapercut · 2 years ago

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it's so wild to me how many people (here in the us) have this attitude about the debt ceiling negotiations like "who cares? this will only affect rich stockbrokers anyway" because like. do y'all not realize that defaulting on our debt could trigger a MASSIVE recession that will come down the hardest on people who are already struggling, including major impacts for people who rely on things like SSI, Medicaid, and other forms of payment/assistance from the govt. as well as the usual steep rise in interest rates across the board affecting things like mortgages, credit cards and car loans

#literally my partner this morning said who actually cares abt this and i was like?? me lmfao? do you want inflation to increase??#also this could trigger global economic crises like it probably will not just have negative effects on us economy and citizens #if this happens because the conservatives have decided to hold this country hostage to push their unpopular agendas #im going to [redacted] kevin mccarthy. if youre a govt agent looking at this that could mean anything you never know #anyway it's great if youre lucky enough to not rely on income or assistance from the us government #and youre secure financially enough that the devaluing of the us dollar wouldnt damage you too much #but that is not the case for a lot of people. i was homeless as a result of the 2008 recession #and id rather not repeat that tbh

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