What's the worst that could happen if the US defaults?

Started 10 months ago | Discussions thread
Don_D
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Re: What's the worst that could happen if the US defaults?
In reply to Todd Ka, 10 months ago

Todd Ka wrote:

Obama might as well stand at his teleprompter and tell the American public that if we don't raise the debt ceiling a giant volcano will erupt and kill all of us, at least that lie would be more plausible then his current "risk of default" lie.

Where is the left on this? Why are the so called main stream news outlets not calling them out on this monumental lie?

Not sure what "lie" you are talking about, but if the US fails to pay bondholders on time the US rating will drop, we will have to pay a higher interest rate costing us millions if not trillions in the future.

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