Re:DOGE employees don't understand the basics of SQL
by bithive123 on Thursday February 20, 2025 @07:06PM
(#43122323)
Well, we know can't be to "save America from bankruptcy" because as a currency issuer, the federal government of the USA can't go bankrupt the way a currency user like a corporation or state government might.
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Re:DOGE employees don't understand the basics of SQL
by johng on Thursday February 20, 2025 @07:15PM
(#43122400)
It can go bankrupt in the same way that Zimbabwe did with hyperinflation... even losing the USD as the world currency would be catastrophic. So yes, we can very much go bankrupt.
Re:DOGE employees don't understand the basics of SQL
by bithive123 on Thursday February 20, 2025 @07:22PM
(#43122456)
Respectfully, this is not accurate. Zimbabwe's debts were not denominated in their own currency. You are repeating a claim which has been debunked for decades, and is based on a misunderstanding of how our monetary system works.
Re:DOGE employees don't understand the basics of SQL
by invalidname on Friday February 21, 2025 @12:19AM
(#43124284)
Yes. But an important key fact here is that this is true as long as the USD is the world currency. It's the world currency since the US is the global super-power both in international support and military strength.
By cutting spending on foreign countries the US is forcing these countries to turn elsewhere for aid which will come in the currency of the new provider and with strings attached. This can cause a domino effect which will significantly weaken the USDs standing and force the US to take up "real" debt.
DOGE could very well bankrupt the USA if they aren't careful. They don't seem careful or self-aware.
Re:DOGE employees don't understand the basics of SQL
by soco on Friday February 21, 2025 @04:04AM
(#43125556)
"buy when there's blood on the streets" - I definitely hope this is not their actual plan.
Re:DOGE employees don't understand the basics of SQL
by TransAtlToonz on Friday February 21, 2025 @01:43AM
(#43124695)
Who are you trying to reason with? Why are you not seeking power? How do you think American society works?
Like who would even claim american bankruptcy as a bad thing? Are you even american if you don't declare bankruptcy? We were founded on incompetency and we will die by incompetency.