re: #248 GOPHostage#25698724

If the 14th is invoked, I am so far unconvinced interest would spike. Am I wrong? Or if interest does go up, hey just pass a budget. More incentive.

US treasury Bonds are considered the safest investment in the world, because there’s no question the interest will be paid. That’s why the yields are so low. Make that open to question, and the interest baseline moves up for everyone. Raising interest rates is what the Fed does when it wants to slow down economic growth in an overheated economy. We’re not growing enough AS IS.

Make it an open question whether a particular bond will be honored AT ALL, and imagine what you’d have to pay in interest to sell those bonds.