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USA Default Problem and Game Industry?
Hey, I am kind of scared about this USA Default thing. I am sorry if this is way off topic from games or art , but what will or would happen if the USA goes into default? or do you think we won't? and what would happen to the game industry if this were to happen? -
Re: USA Default Problem and Game Industry?
I'm sure they'll be able to pay that 15 trillion back sometime soon..... Technically, it doesn't even matter if the US defaults. In the eyes of every other country in the world, the US has noooooooo way to pay back it's debts. The only reason other countries continue lending to them is because they already have such a… -
Re: USA Default Problem and Game Industry?
The stock market might panic if they wait to the last minute. I also worry that the tea party politicians might see a default as something good in the long run. -
Re: USA Default Problem and Game Industry?
The government could probably go into default for a month without you really noticing it. The USA government would basically stop all non-essential programs and workers, and they'd be laid off until there was an agreement. But most likely, like 99% chance, they'll make an agreement near the last day. -
Re: USA Default Problem and Game Industry?
Obama can just cite the 14 amendment (? The one that says America can't ever let itself back out of its debts) and raise the debt ceiling himself if he needs to. There is little to no chance that the US will default. Regardless of that issue though, the game industry seems to do quite well in recessions. -
Re: USA Default Problem and Game Industry?
In what way is the Patriot Act a 'criminal act'? Please don't tell me it violates the 4th Amendment, there are plenty of exceptions to the Bill of Rights... On Topic: there won't be a default. If Congress can't pass a law to raise the debt ceiling, the President will issue an executive order to do it via the 14th… -
Re: USA Default Problem and Game Industry?
Honestly, all Obama has to do is get on National TV and say, "My fellow Americans, I'm trying to make it so that we don't default on our debt by closing loopholes and letting the Bush Tax Cuts expire, however my republican friends in congress feel that it's more necessary to balance the budget on the backs of the middle… -
Re: USA Default Problem and Game Industry?
Anyway, back to the topic at hand. The US government could solve the debt problem in a few years if it started issuing it's own currency that isn't born out of debt, abolishing the federal reserve, and outlawing fractional reserve banking/usury. To persist in the fantasy that the central banks stabilize the economy will… -
Re: USA Default Problem and Game Industry?
Because sometimes getting what you want and doing what you think is best for the people means playing the game. It's easy for people to look at others who have opinions they don't like and simply lean on the idea that they must be sinister, greedy, and underhanded when in all reality they probably genuinely believe the… -
Re: USA Default Problem and Game Industry?
The exceptions to constitutional rights (yelling fire, carrying a mini gun)are very specifically outlined as to what qualifies as an exception and narrow in scope. The Patriot Act is rather vague and leaves a wide swath of possibilities for the law to abuse. The only reasonable instance where a warrant is not required is…
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