Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - What would happen, hypothetically speaking, if the US declared bankruptcy because of the deficit? - I know this is opening up to all kinds of political flame wars, but the best answer will be picked from those who can keep their politics in check.
It's a serious question you see, one that I've often wondered. I know what happens when a company goes through bankruptcy, whether chapter 11 or chapter 13, but what about the US government? If, let's say another president down the road, were to declare bankruptcy, what would happen? Globally and Locally speaking. -
