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

Started 9 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 john9001, 9 months ago

john9001 wrote:

The US govt is getting $250 billion this month in taxes and fees, the interest on the debt is $18 billion, the only way to default would be for the president not to pay the interest.

Congress controls the Nation's purse strings, not the President.

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