Purple Brain
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The I think about this the more it seems like a cracking way to sort stuff out. Any country having a spot of bother could effectively file for Chapter 11. Give itself a bit of breathing space. They don't have to go down the entire default route, but with no official data coming out, no political meddling in other stuff - as the focus is going to be only on the shutdown - and everyone other than the public sector still working away quite merrily, I reckon it could work well.
Saw on the news last night it's costing $320 million a day. What is? It's only public sector off work - not the producing, industrial, financial, commercial sectors which actually increase GDP.
Sounds like a good plan and one any domestic household knows only too well - If your budget is stuffed, you cut the non-essentials until you're in the black again.
And if benefit payments don't get made and bins don't get emptied and legions of public administration staff don't get paid for counting paperclips, it's not Armageddon.
Off on a tangent, one of my favourite one-liners from Stewart Francis - "So what if I can't spell Armageddon - it's not the end of the world!".
Saw on the news last night it's costing $320 million a day. What is? It's only public sector off work - not the producing, industrial, financial, commercial sectors which actually increase GDP.
Sounds like a good plan and one any domestic household knows only too well - If your budget is stuffed, you cut the non-essentials until you're in the black again.
And if benefit payments don't get made and bins don't get emptied and legions of public administration staff don't get paid for counting paperclips, it's not Armageddon.
Off on a tangent, one of my favourite one-liners from Stewart Francis - "So what if I can't spell Armageddon - it's not the end of the world!".