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Is The U.S. Government Too Big To Fail?
Forbes: This is the first in a series on the topic of our governments debt and the possibility of default. The United States has existed as a republic for nearly 237 years, during which time there have been five defaults. Could it happen again? Most would summarily dismiss the very notion as ridiculous. However, although no country “plans” to default, sometimes circumstances and a lack of forethought combine to create this unfortunate outcome. In this series, we’ll examine this question and discuss how it would affect us, the citizens of this great nation. To begin, let’s journey back to the late 1700′s, right after the U.S. gained independence from the British Empire.
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