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As I said, “financial crisis and market crash”. Treasury holders will get paid in the end regardless. But the government can continue to service debt by stoppi
by adam_arthur 3y ago
As I said, “financial crisis and market crash”. Treasury holders will get paid in the end regardless.
But the government can continue to service debt by stopping all operational expenses, e.g. furloughing employees. So hitting the debt ceiling does not mean an immediate default