Generational Dynamics World View
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Generational Dynamics World View
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03-08-2020, 09:25 AM
To the contrary, defaulting on the debt implies that they have been spending more than they are taking in, and borrowing to make up the difference. Once they default, they won't be able to borrow any more, and their spending will have to be even more restricted.
In addition, some of that debt may be held by their own citizens. |
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