Is the USA seriously considering defaulting on its sovereign debt? In other words, will the “full faith and credit” of the United States government no longer be a 100% guarantee? Has the US ever defaulted on debt before? I thought they worked very hard NOT to do this?

(You): Is the USA seriously considering defaulting on its sovereign debt? In other words, will the “full faith and credit” of the United States government no longer be a 100% guarantee? Has the US ever defaulted on debt before? I thought they worked very hard NOT to do this?

(Lucas): Yes, and ocean.

(You): ocean?

(Lucas): ‘ I thought i clicked on a differsnt question , sorry.

(You): oh, ok. So you weren’t answering the sovereign debt question, right?

(Lucas): ‘ no, sorry for the confusion

———————-

(Jesse): No, we have never defaulted before. Tea Party Republicans are refusing to compromise, so it seems like a possibility at this point. Scary.

[Vark assigned category: sovereign debt, more details]

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