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“This country has never intentionally defaulted on its obligations because of the debt limit.” – White House. While technically true, there is a lot obscured in this short sentence. Here is a list of US debt defaults. In 1790, the federal government assumed the Revolutionary War debt of the States. Regardless of the timing of […]

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The post A Brief History of US Debt Defaults was written by Ricochet member Steve Fast and recommended by members for promotion to the Main Feed. Become a member to get your posts published on the home page as well.

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