Pete Hendrickson (@LostHorizons)
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A Few More SOTFPWTWGB Thoughts ...that is, continuing to sit-on-the-front-porch-and-watch-the-world-go-by thoughts, this time on the "debt-ceiling" deal; Elon Musk stepping up and doing well; and the sour-grapes carping about the Ron DeSantis campaign announcement glitches. SO, WHAT HAPPENS IF YOUR CREDIT CARD LIMIT can't be expanded any further at long last? Do you "default"? I don't think so. Rather, you cancel your weekly dinner reservation at the steakhouse. You let the pool boy go. You tell existing creditors they must be patient, or they can stop sending you goodies. You might even tell them to come and repo the goodies already sent. You get some clamor from your overly-spoiled kids when the Netflix subscription is dropped and the almond milk changes to actual milk, and your party-time circle of "friends" fades away as fast as the blow you can no longer afford. But nobody dies, and on the bright side, you end up with a much-needed refresher on the realities of life. Maybe next time... Continued: https://losthorizons.com/N/242.htm#2