Since the day of Alexander Hamilton, the United States has never defaulted on the federal debt. That’s what we budget-watchers always say. It’s a great talking point. One that helps bolster the argument that default should not be an option in Washington’s ongoing debt limit slowdown. There’s just one teensy problem: it isn’t true. As [...]
Posts Tagged ‘Default’
The Day the United States Defaulted on Treasury Bills
Posted in Budget, tagged Debt, Debt Limit, Default, Deficit, Treasury on May 26, 2011 | 35 Comments »
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