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Sorry, I guess this is a tangent, but wouldn't that depend on how you define debt? IIRC the US government failed to pay pensions for Civil War or WW1 soldiers,
by CoastalCoder 4y ago
Sorry, I guess this is a tangent, but wouldn't that depend on how you define debt?
IIRC the US government failed to pay pensions for Civil War or WW1 soldiers, and the British government did something similar regarding bonds or pensions for WW1 or WW2 soldiers.
- lkrubner 4y agoI should have been more specific, this is about paying the capital and interest on national bonds.