[sturadnidge]

Always good to come across fellow Australians in here!

I’d probably argue for an exception on that one, given the Whitlam government didn’t have a senate majority… but at the very least, I feel like a single case in the last 50 years is pretty supportive of my argument. The US government is on the verge of shutdown so often these days that I wonder how many people are desensitised to the situation!

[Ekaros]

How does failing to pass budget affect debt repayments? Could they simply end up defaulting sometime in future? That is not great outlook for a "reserve currency".