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by katzinsky
670 days ago
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Ignoring sanctions the US has not defaulted on its debt since the 70s. Those periods where a new budget has not been approved resulted in the US being late to fulfill invoices but all of the coupons on the bonds still went out. If that didn't happen a lot more than just the government's credit would unwind. That's the primary reason debt is still purchased despite the obvious fact that it will never be repaid. |
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