alt Hacker NewsThe 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.
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.
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."