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Socialize loses privatize gains.
We don’t live in a capitalist world.
We live in a Corporate Socialism one.
What will this mean for other government employees? Like state employees are often funded by state or county budgets but that is with money coming down from the feds. If we default, that money doesn’t come. >

It will have a catastrophic, trickle down effect.
Depends how much money your state gets from the feds. California may be fine. Louisiana and Mississippi? Good f’ng luck >

This isn't the trickle down effect I was promised >

They let losses trickle down, but not gains.