Richard Hoey, BNY Mellon chief economist, and Ed Keon, Quantitative Management Associates, provide their perspective on how the standoff in Washington is likely to impact the fourth quarter and why the odds of a default are "extremely low."
Brian: The voting system in my poor county uses computerized voting machines with paper ballots. They are not that expensive and they provide a way to verify a contested election. The computerized voting machines with NO paper ballots are deliberately set up to NOT provide a paper trail in the event of a contested election. A paper trail with individual ballots is the only way to overturn an election won through computer hacking. Be very wary of any politicians that support their use. All precincts should go back to using paper ballots in their voting machines.