As a country, we can’t default. It’s unconstitutional, which is too bad, because it world be the best outcome, at this point.
No one would lend us any money for a good, long time, effectively forcing government to balance its budget, indefinitely. The economy would take off.
Please post the relevant part of our Constitution that forbids the US Government from not paying it debts.
No one would lend us any money for a good, long time, effectively forcing government to balance its budget, indefinitely. The economy would take off.
Alexander Hamilton would disagree. And our country was much worse off financially after the Revolutionary War.