By “creditors,” does he mean citizens with Savings Bonds and Treasury Bills ?
RE: By “creditors,” does he mean citizens with Savings Bonds and Treasury Bills ?
Doesn’t really matter. Let’s say he’s referring to the Chinese and the Japanese 9 two of our biggest treasury holders and buyers ), how will paying LESS than what was promised to them NOT affect the treasuries US citizens hold?
Is he going to make a condition that says — partial default only on treasuries held by foreigners but not US citizens? How is this going to be implemented?