GOP debt limit showdown could lead to 'cataclysmic event' for global economy
“It would be unimaginable. A cataclysmic event that would ripple very quickly through the global financial system,” says economist Stephanie Kelton. “If we were to push the limit and threaten default, there’s no saving the structure. It’s really like burning it all down.”
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### Instruction: GOP debt limit showdown could lead to 'cataclysmic event' for global economy

### Response: “It would be unimaginable. A cataclysmic event that would ripple very quickly through the global financial system,” says economist Stephanie Kelton. “If we were to push the limit and threaten default, there’s no saving the structure. It’s really like burning it all down.”