Yes, the US Government Has Defaulted Before

Source: Ludwig Von Mises Institute
Published: Feb 7, 2023
Author: Ryan McMaken
Post Date: 2023-02-07 17:32:37 by Charles_Byrd
Views: 186

The regime is trying to whip up maximum hysteria or the chances that the US government could default on its debts if the debt ceiling is not raised.

Anyone whose been paying attention for a while, however, knows there's a 99.99 percent chance that the parties involved will soon raise the debt ceiling and the US will go back to adding to its $30-trillion-plus debt hoard as usual. Yet the political posturing over the debt ceiling always offers the media and Democratic politicians a chance to assure us that any default will bring about a second Great Depression and financial collapse.

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