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Tag Archives: economics

Why the US Can’t Default on Its Debt

“All Obama would have to do is hold a press conference and say “per our Constitution in Amendment 14, Section 4 we can not default on our debt – as such I am authorizing the Treasury to continue issuing bonds under the Necessary and Proper Clause to ensure a functional government.” Then as he leaves […]

Posted byAndyAugust 4, 2012Posted inGeneralTags: debt, economics, obama, politics

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