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That's not true, it's not like if the US defaults you become personally liable. We're more like shareholders, and they are never debtors.
by dkjaudyeqooe 3y ago
That's not true, it's not like if the US defaults you become personally liable.
We're more like shareholders, and they are never debtors.
- PaulDavisThe1st 3y ago"We the American people" is the corporation.
- coldtea 3y ago>That's not true, it's not like if the US defaults you become personally liable. Citizens might not become "personally liable" in a legal sense, but they get similar consequences, reduction in wealth, poverty increase, etc, that somebody "personally liable" for their personal debt would get. A country wide failure of economy can be even more devastating to individuals than some personal debt they default on.