As republicans keep threatening to blow up the entire economy I think it’s important to spell out exactly what will happen if they succeed🧵 To start, full Social Security checks will immediately stop.
If republicans collapse the entire economy available credit will disappear, borrowing costs will explode, and small businesses will die.
If republicans collapse the entire economy banks will run out of cash and Americans will see the first widespread bank runs since the 1930s.
If republicans collapse the entire economy interest rates will skyrocket blocking new homebuyers from their home.
If republicans collapse the entire economy businesses and market funds holding US treasury bills will lose billions, wiping out regular investors.
@BillPascrell TBH the GOP's policies ensured that most of us are completely priced out of the market and have been for years, even decades.