Why there won't be any default on US debt--it's in the 14th Constitution Amendment and there's the 2011 precedent

Posted by bubah1mau 1 month ago to Economics
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Opposing political parties may try to spin this to suit public sensitivities, but "entitlements" are nearly 100% safe. Contractors with US government (e.g. defense contractors that supply weapons and await payment) may wind up waiting longer than they expected for payment as they're far down on the triage list.
SOURCE URL: https://www.breitbart.com/economy/2023/02/21/breitbart-business-digest-u-s-will-not-need-to-default-on-debt-no-matter-what-happens-with-the-debt-ceiling/

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  • Posted by freedomforall 1 month ago
    And the banks will legally steal deposits from honest depositors. Ho-hum.
    This entire discussion is just smokescreen - a distraction by the State while they manufacture the chains of our enslavement in the background.
    The constitution is no longer a limit on government activities. The SCOTUS are Traitors, as are the majority of con-gress critters.
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  • Posted by $ Markus_Katabri 1 month ago
    There have been at least two “Defaults” so far. They are cleverly disguised by simply changing the nature of the dollar.
    The adoption of fractional reserve banking.
    Decoupling from the gold standard.
    CBDCs incoming.
    What the hell is everyone still working for?
    We’re chasing fake wealth.
    AntiFa is real. The dollar is just an idea:
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    • Posted by $ Dobrien 1 month ago
      So, how do you remove a global debt system that has controlled and enslaved the world?

      How do you replace it with a system that offers true freedom—not just for countries, but for individuals around the world?

      Have you heard of the term ‘controlled demolition?’

      It’s the process of bringing down an old skyscraper in order to replace it, while also trying to prevent damage to everything surrounding it. I believe that’s what’s happening right now—a controlled demolition of the global central bank debt system.

      But remember, this is a global war, not just a war in the United States. The entire world is enslaved financially and it will take a COALITION to remove this system.
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