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Could the U.S. Government Default on Its Debt?
With news of both a Greek default and the almost-Puerto Rican default, observers are invariably going to shift focus at some point to the U.S.’s $18.1 trillion debt.
So, will the United States go the way of Greece and Puerto Rico? Could the U.S. government default on its debt?
Yes, but it would be vastly different than in Greece or Puerto Rico. Here’s why…
With news of both a Greek default and the almost-Puerto Rican default, observers are invariably going to shift focus at some point to the U.S.’s $18.1 trillion debt.
So, will the United States go the way of Greece and Puerto Rico? Could the U.S. government default on its debt?
Yes, but it would be vastly different than in Greece or Puerto Rico. Here’s why…