Posted on Dec 31, 2023
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Sovereign Default: Definition, Causes, Consequences, and Example
Sovereign Default: Definition, Causes, Consequences, and Example
Posted from investopedia.comPosted in these groups: 
GovernmentUnited States Department of the Treasury: Bureau of Public Debt
Budget
GovernmentUnited States Department of the Treasury: Bureau of Public Debt Budget
Posted 12 mo ago
Responses: 1
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Good to know even if you're not investing. Subjects don't have any choice in the matter but citizens, such as We the People, will suffer if we keep electing the unwise to manage our nation's finances.
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Maj John Bell
Imagine if you will a government that lived within its means (except in times of war or national crisis. spending shall we say no more than 95% of the revenue it took in the previous year. The remainder invested in safe investments with mild returns on investment. After almost 250 years of contributions accruing compound interest, how long before the government became self-funding. I know that will NEVER happen, but imagine it.
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