comment: >
  
  cash currency isnt the kind of mone they need... they need to sell bonds, and if the credit worthiness of the US is in question then that whole equation gets fucked. kind of how the yield curves for the 10/2, and 10/3m are currently inverted. shits fucked and the GOP is about to step into it because these children dont understand the difference between household debt and national debt.. fuck, if only we had a better education system, ppl would take this shit seriously.
context: i still remember when republicans had full control of Congress under trump and had the biggest shutdown of all time. it showed that they can't even negotiate amongst themselves (which we continue to see), and they're willing to let the whole thing crash and burn.
  the wildest part was their base genuinely blamed democrats for the whole thing. >
  
  
  they're willing to let the whole thing crash and burn.
  
  that's the problem, they are willing, and they get praised by right wing media for doing so. >
  
  I truly don’t know if they’re willing to burn it all down, or if they’re just irrationally short sighted and wildly overestimating their own hard bargaining skills. I mean, it’s always and only about stock prices and reducing tax liability for them, a market crash is terrible for their owners. It’s maybe more like a 14 year old with a gun and why wouldn’t he rob a gas station?  It’s his parents that’ll be in trouble anyway for not locking up the gun. What could go wrong? >
  
  
  a market crash is terrible for their owners.
  
  Not when their wealth is far beyond magnitudes of "mattering anymore," and that's what we are risking with today's gilded age billionaires, they are playing with Monopoly money. >
  
  Or maybe they’re certain that they can absolutely loot the rubble once the economy implodes. As they always do when catastrophe comes around. >
  
  Except for that one time with gamestop. That was entertaining to watch. Can it happen again please? >
  
  That was Sen Brian Schatz, Hawai‘i's senior US Senator. >
  
  thank you for including the ‘okina! >
  
  I am also a fan of proper spelling and grammar. 
  I did not know, however, that it was called an ‘okina. Thanks for giving me today’s factoid! >
  
  since ur interested in grammar, another little factoid: it is considered a letter in the Hawaiian language, as it represents a glottal stop
  so it’s Ha - wai - ee (and the w is pronounced like a v so it’s : ha- Vai - ee) 
  note that it isn’t used in the word “Hawaiian” though >
  
  Any particular reason Hawaiian isn't "Hawai‘ian"? Or just cuz? >
  
  It’s considered an English word so it doesn’t have the 'okina as it’s in English spelling, not Hawaiian. >
  
  Ah makes sense, not like another language would necessarily just add "-an" as a suffix too; that makes it English
  It'd be like saying "España-ish" for Spanish (nationality) haha >
  
  yes that! Native Hawaiians call themselves kānaka or kānaka maoli or kānaka 'ōiwi or Hawai'i maoli
  edit: also to add, ‘Hawaiian language’ is 'Ōlelo Hawai'i in Hawaiian
  a correction below points out that Kānaka is the plural form, it’s kanaka for singular as well >
  
  This thread would make for a way better table than Republicans and Democrats sitting at one regarding the debt ceiling.
  Edit: /tableflip
  `(╯°□°)╯︵ ┻━┻ >
  
  all public schools in hawaii have mandatory hawaiian studies classes in k-12. they cover ancient hawaiian culture, family structure, laws, sports, traditions, customs, societal structure/roles, food, language, history, naval exploration.
  the university of hawaii also has hawaiian studies as a basic requirement for most degrees.
  it's an extremely rich, amazing culture. >
  
  Republicans want to hold the American economy hostage so they can demand a ransom. This kind of ultimatum does not have the best interests of most Americans in mind, unfortunately, most Republican voters won't see it that way. >
  
  Trump did this with the government shutdown remember? Working Americans went weeks without a paycheck because trump was holding the government hostage to argue with the dems >
  
  Dear god, I actually forgot. They controlled everything but chose to shut it down because the TV was being mean to trump about his wall. (And, of course, blamed the left.) >
  
  Worse part was dems offered a 25bil compromise for his borderwall vanity project and trump then started the longest shutdown in us history. To in the end only getting 5, what a loser >
  
  Yep, I just re-read the entire thing. How half his base didn't immediately go, "oh, this guy is stupid" I'll never understand.
  Fuckin' Art of the Deal, baby! >
  
  They are equally stupid, that's how. >
  
  Equally stupid, all with dreams of being as rich and openly bigoted as someone like Trump. >
  
  My coworker's family are largely in their 60s, disability, haven't worked in decades. They constantly talk about "when I get rich this, when I'm a millionaire that". Like, wtf do you think you are doing that will cause this wealth to materialize? I'm out here trying to put out hit music (jury is out), get a law degree, snag a sugar momma etc etc. WTF do they do? They play the lotto...okay, I'll admit, they probably got the same chances as I do, but at least even without the wealth I'll have something to show for it. 
  Oh yeah, forgot to mention those folk's' favorite politician. They weren't the "own the libs" type, nor the "hands of my taxes" type. Instead, what they liked about Trump was that he was a smart businessman. The smartest businessman in the entire world, by their estimation. These folk are fucking idiots. 
  And that's just one group of idiots under the idiotic umbrella of Trump supporters. There are so many more. I won't pretend like their ain't idiots in my camp, but Trump's camp seems to be exclusively idiotic. >
  
  
  but Trump's camp seems to be exclusively idiotic.
  
  I mean, he's a large-scale grifter, and a pretty obvious one at that, and it's hardly ever smart people that are targeted by, or fall for, such hucksters. It should hardly come as a surprise that his base is, to say the least, gullible in the extreme. >
  
  Good. Now they need to really start the messaging surrounding the Two Santas Strategy and how these threats from the GOP are part of the playbook they’ve been using to manipulate voters for decades.
  “The only thing wrong with the U.S. economy is the failure of the Republican Party to play Santa Claus.” – Jude Wanniski, March 6, 1976
  “The stock market is falling, in part a reaction to GOP threats to shut down the government: it’s all part of their plan.
  Treasury Secretary Janet Yellen last week warned us that the GOP is about to use Jude Wanniski’s “Two Santa Clauses” fraud again to damage Biden’s economy and our standing in the world. And, sure enough, Mitch McConnell verified it when he said last week there would be “zero” Republican votes to raise the debt ceiling.
  Yellen responded yesterday by telling The Wall Street Journal that if the Republicans force a shutdown of the U.S. government like they did to Obama in 2011, “We would emerge from this crisis a permanently weaker nation.” But the GOP is adamant: they have their strategy and they’re sticking to it.
  Here’s how it works, laid it out in simple summary:
  First, the Two Santas strategy dictates, when Republicans control the White House they must spend money like a drunken Santa and cut taxes to run up the U.S. debt as far and as fast as possible.
  This produces three results: it stimulates the economy thus making people think that the GOP can produce a good economy; it raises the debt dramatically; and it makes people think that Republicans are the “tax-cut Santa Clauses.”
  Second, when a Democrat is in the White House, Republicans must scream about the national debt as loudly and frantically as possible, freaking out about how “our children will have to pay for it!” and “we have to cut spending to solve the crisis!” Shut down the government, crash the stock market, and damage US credibility around the world if necessary to stop Democrats from spending money.
  This will force the Democrats in power to cut their own social safety net programs and even Social Security, thus shooting their welfare-of-the-American-people Santa Claus right in the face.
  And, sure enough, here we are now with a Democrat in the White House. Following their Two Santas strategy, Republicans are again squealing about the national debt and refusing to raise the debt ceiling, imperiling Biden’s economic recovery as well as his Build Back Better plans.
  And, once again, the media is covering it as a “Biden Crisis!” rather than what it really is: a cynical political and media strategy devised by Republicans in the 1970s, fine-tuned in the 1980s and 1990s, and rolled out every time a Democrat is in the White House.”
  This was written in 2021, but it could’ve been written now. Or at any point since the 70s dems have taken over. It happens every time. >
  
  This should be its own TIL because I'm sure many of us never heard of this Strategy, but the concept of a group taking actions to impede another group then blame them with media support is one I always suspected was the norm in two party politics. >
  
  it would be great if the democratic party could get their fucking act together on messaging.  like biden going to places that got infrastructure money, and having all party members and all senators tweeting the same things.  
  i saw local news today, and they're making a bigger deal out of biden's classified documents issue than they did out of trumps.  get it together.  there is no such thing as going high anymore, politics is  mud wrestling and democrats are trying to win without getting dirty. >
  
  They are portraying Biden as a senile old man who had classified documents floating around his home like that plastic bag in American Beauty. Meanwhile they gloss over the fact that Trump refused to return the documents after the DOJ and the FBI asked him too. >
  
  Biden had classified documents in his home. Trump had stolen Secret Compartmented Information documents in his pool shed at the resort he owns and frequently allows foreign dignitaries to visit. These are not the same things >
  
  ...and informed law enforcement and voluntarily handed the documents back the instant they were discovered, while the other had to have them seized by force... >
  
  Exactly. These are two totally different scenarios. The documents Trump had weren’t even supposed to leave a specific bunker. They were literally the most classified a classified document can get >
  
  In exchange for not crashing the United States economy, you get nothing,” Schatz said in an interview with The Daily Beast. “You don’t get a cookie. ... You’re just a person doing the bare minimum of not intentionally screwing over your constituents for insane reasons.”
  Asked about GOP calls that Democrats join Republicans at the negotiating table, the Hawaiian senator added, “We have to tell them there is no table.edit. No fucking tables >
  
  
  We can't afford a table
  Repubs pass a debt bill to be able to afford tables
  4d checkmate >
  
  Stock market drops 20%, GOP gets an earful from their billionaire overlords, and debt ceiling issue resolved. 
  Let it play out. >
  
  I think you underestimate what default on our debt means, it's massively worse on a number of levels than a stock market crash >
  
  Which is why it won’t happen. Push comes to shove, the President says “Lmao fuck you, I’m paying the bills anyway.”
  We will not default. I guarantee it.