Given that the United States debt is denominated in US dollars and our government can technically print as many US dollars as it needs, we should never default on our debt. The only way we could truly default would be if Congress, in an incredible act of stupidity, decided to vote to default and overrode [...]
The $1.3 Billion Stupidity Penalty We Paid for Having an Unnecessary Debt Ceiling |
| By: Jon Walker Tuesday July 24, 2012 8:57 am |



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