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user-inactivated · 3861 days ago · link · · parent · post: Credit where credit is due -- is Boehner playing a deeper game?
i'm not even sure it would be better than a straight default. it's technically available but the laissez-faire ideologues would still freak out and crash the market.
I wonder. Even so, if it came down to it, it would probably be better than the alternative. No doubt the US credit rating would be hurt, but I can see the markets considering it to be a temporary political extension. QE isn't substantially less magical, and the markets are loving that.