Comments by "Carey\x27s Corner" (@careylymanjones) on "The Debt Ceiling Issue: Will the US Gov Default? || Peter Zeihan" video.

Is the government still taking taxes out of your paycheck? If so, it still hasn't shut down.
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Because NOBODY wants to even risk getting blamed for shutting SS down. The political ads write themselves - Granny being thrown out of the house she lived in for 40 years, by the evil, greedy, (insert political party name here). It's probably the single biggest club you can beat opponents with.
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Your Social Security check will come on time. Even FJB isn't dumb enough to throw Granny out into the street. That would not only lose Granny's vote, but the kids she had to move back in with. The Democratic Party would be exterminated in the next election.
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You see, it's a big club. We ain't in it. Whenever wages start to rise, the government lets in a flood of illegal immigrants and cuts tariffs to drive wages down. Trump broke that pattern, and the result was record low unemployment and almost 5% real wage gains for workers in the bottom quartile, more than Obama and Dubya, put together. And the Establishment of both parties opposed Trump at every turn. They'd rather have a senile old crook than someone who kept them from ripping off the lower classes.
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There won't be a complete government shutdown. People will still get taxes withheld from their paychecks, and Social Security checks will go out on time. NOBODY wants to be the party that put Grandma out on the street. That would not just piss off Grandma, but also the kids she had to move back in with. Cutting off Social Security would be the political equivalent of diving into the Sun without a space suit. Not gonna happen.
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Regarding Social Security, a bargain was made with Americans that if they worked and contributed to the system, they would be taken care of in retirement. NOBODY in government wants to be Darth Vader saying, "I'm altering our bargain. Pray I don't alter it further." That would be the political equivalent of diving into the Sun without a spacesuit for anyone who voted for it. Social Security may have been a dumb deal, but the deal was made. And if it's not kept, the consequences for any political party that breaks it would be catastrophic. Dubya got the GOP into serious trouble for even TALKING about privatizing Social Security.
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@Capitalist_Pig314 The good news about SS is that the Boomers are the largest generation, ever. If we can keep it going through the Boomers' retirements, things get better. Still not great, but better. Any political party that pushes for significant SS cuts will be exterminated in the next election. The Boomers are the largest generation in American history. And if you start throwing them out of their homes, they'll move in with their Millennial kids. The Millennials are the second largest generation in American history, and having Mom move back in with them is gonna turn them on you, too. Do the country a favor, and convince Democrats to cut SS. Once the country throws them out, we might be able to get our country back.
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@dsmonington The government is like a person who can't stop spending until he's maxed out his credit cards. Sometimes you have to suspend their cards to get their attention.
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The Democrats don't demand spending cuts in exchange for their support of debt ceiling increases. They demand spending INCREASES.
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Every two years, we do that. And every two years, Dominion Voting Systems "fixes" the results.
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For the dollar to be replaced as the world currency, there would have to be a better currency to switch to. There are only four currencies that are big enough to serve as the world's currency. 1. US dollar 2. Chinese yuan 3. Japanese yen 4. Eu euro If you think the dollar is unsound, the yuan will make you shrivel up like a salted slug. Chinese banks make loans that would make an American subprime mortgage lender blanch. The EU is notorious for meddling with the value of the euro to serve domestic political ends. The Japanese economy has been pretty stagnant for the last couple of decades. Generally, you want a currency backed by a growing economy. A currency doesn't have to be great to be the world's currency. It just needs to be better than the alternatives.
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Our political system is all fluxed up.
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