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[–]libertypatriot 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Americans scream that there would be no downsides if the US defaulted on the debt, but wouldn't China and Japan be angry about not getting their money back?

Will businesses and Americans who bought US bonds be upset about being ripped off? Wouldn't companies who get fleeced need to lay off workers and shut down?