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Comment by joelthelion | Hacker News Reader

> Capital will never let either scenario occur. It's all just theatre. The US will never default on debt, it's a convenient negotiation tactic

That's true until it isn't. I hope you're right, but I worry that you're probably overestimating our politicians. They're not all playing 5D poker. Some are just plain stupid.

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Yep. Maybe when this started it was theater, but more and more i'm wondering if we've got enough idiots who think they stand to gain from something like this. It won't be some shadowy cabal of actors trying to overthrow things, it'll just be a bunch of headline hunting lunatics who can't think past the next hour.

Yea it would be great if it was just stupidity, but we have elected officials actively working to sabotage and undermine the government and economy.

Our system of checks and balances didn’t really account for what happens when a sizable minority in government are bent in destroying it.

Have you even read the Federalist papers? A huge amount of consideration was spent on making sure a vocal and scheming minority could not usurp their design.

Defaulting on the debt would be an erasure of an entire political party nearly overnight. There is only one party that even attempts to hold the country hostage via debt ceiling tactics, and they are incredibly beholden to their corporate masters who would go absolutely nuclear on them should they actually follow through with that threat.

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