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The world economy is based on the idea that America will always repay its debt. Them not paying it back will be the financial equivilent of a nuclear bomb, not

The world economy is based on the idea that America will always repay its debt. Them not paying it back will be the financial equivilent of a nuclear bomb, not just for them, but for literally everybody.

otterley 1mo ago
It's not just an idea; it's in our Constitution! Fourteenth Amendment, section 4: "The validity of the public debt of the United States...shall not be questioned."
- milkytron 1mo ago
  This seems to be in contradiction with the first amendment
  - otterley 1mo ago
    That's not what "shall not be questioned" means. It's a term of art meaning that the Government cannot refuse to pay valid claims on its debt.
    - milkytron 1mo ago
      Ah, that makes sense
    - nly 1mo ago
      As long as the debt is in its own currency printing to repay is always an option.
  - OJFord 1mo ago
    Read it not as 'may not be', but 'nothing shall be done that should give cause to'.