Can we survive a default? Absolutely, we have them once a generation. But we are going to have a lot of camptown as voters discover the money is gone. We're not sure Calizuela can stay in the union after a default, this is the main concern. Illinois is a goner. Just a horrid discovery among millennials that they are now running up the debt, they cannot blame it on boomers. They were supposed to figure this out before the default. Now the millennials are stuck with camptown, the houses go to overseas wealthy immigrants.
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