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IPFS News Link • Welfare: Corporate

The U.S. will NOT default on its debt!

07-26-2011 • The Political Commentator

One sentence explanation on a U.S. sovereign debt default Maybe two. If there is n0 increase in the debt ceiling, the United States will not default on its debt, period! Despite the fear mongering and misinformation emanating from the White House and Democrats, the debt service on US treasury debt would be paid and non-essential programs and departments would be the places where funding would have to be cut.

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Reported By Michael Haltman

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