What Happens if the United States of America Defaults on its Debts (aka Treasury Bills)

A default by the United States government on its debt would be a major event with far-reaching consequences. The full impact of such a default is difficult to predict, but it would likely have a significant negative impact on the US economy and the global economy. Some of the potential consequences of a US debt

To guarantee or not guarantee

Each person guarantees the outstanding principal amount rather than a pro-rata or other determined fraction of the loan.

A grim possibility…

The United States of America is approaching a precipice predicted to arrive in mid-2023 — a possible default on US Obligations.  “On December 16, 2021, lawmakers raised the debt limit by $2.5 trillion to a total of $31.4 trillion (Congressional Budget Office),” where the limit is currently set. As of this writing in early April

Rain with a bow

Well said…

“The end we seek is a society at peace with itself, a society that can live with its conscience. And that will be a day not of the white man, not of the black man. That will be the day of man as man.” Thank you to Dr. Martin Luther King

The Foxy Army

Foxy was a 15-pound Boston Terrier with a personality as big as her army of friends. Everywhere she went, she made new furry friends – bunnies and squirrels alike. They would follow her around as if she were their queen, and Foxy relished in the attention. One day, Foxy stumbled upon a group of bunnies

And no stoppin’ on the dance floor

What’s the song reference?

Pink and …

Not warm

Danger