Is the GOP really for US debt default?
It is odd to me that the political party which preaches personal responsibility and is known for pro-business is also pro-US debt default. It might not be the entire Republican Party, but the rhetoric is loud enough to raise an eyebrow.
What happens in a world where it is OK to default? We should tread carefully here. The wealth in the US is getting more concentrated in the top 5%, this means more individuals have minimal or no net worth. If you do not have any assets, but you do have debt; a default is not necessarily a harmful issue for you. So who is really at risk, the individual who borrowed the money or the lender?
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