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submitted 5 months ago* (last edited 5 months ago) by Viking_Hippie@lemmy.dbzer0.com to c/aboringdystopia@lemmy.world

cross-posted from: https://sopuli.xyz/post/42490856

Obligatory damn clankers.

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[-] Knock_Knock_Lemmy_In@lemmy.world 2 points 5 months ago

No. Default is when the bond issuer doesn't pay interest.

The US government can let the bonds default by not paying. This can be by not issuing new debt (or getting the fed to print more money).

this post was submitted on 12 Mar 2026
892 points (97.9% liked)

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