Comment Victimless crimes.. (Score 5, Insightful) 296
I don't care if my neighbor plays poker. I do care if I have to pay money because my neighbor plays poker.
Adobe PDF Reader on Linux is vulnerable.
I never understood why people bothered with Acrobat Reader on Linux - KPDF/Okular has been smaller, faster and nicer looking for years, and it integrates better with the KDE desktop. I'd imagine the same it true of whatever Gnome uses?
Because if we default the economy will make the Great Depression look like the good old days.
*The dollar would immediately crash to record lows as no foreign investors would trust US assets.
*The US would be unable to borrow additional money, probably at any rate. Who would trust us? Even if we offered up the white house as collateral we could just reneg again
*Banks, companies, and individual investors hold billions in US savings bonds as long term safe investments. They're considered as good as cash- you can bring one to a bank and they'll pay you on the spot for it with only a service fee. Those would become worth pennies on the dollar. Banks would go bankrupt and be unable to loan, companies would be unable to make payroll. You would be looking at 30-40% unemplyment within a year.
The US has never defaulted on a national debt in its 230+ year history. It won't start now. We'd be better off jumping back to Eisenhower tax rates to pay interest than in defaulting.
"Squeeze harder! I'm sure there's still some juice left in that lemon."
It is your destiny. - Darth Vader