The US Already Defaulted on its Debt... 3 Times

Many Americans are not aware that the United States has already defaulted on its debt. In fact, the United States has defaulted on its debt three separate times in U.S. history.

And given the current situation that the US government finds itself in, we are going to see that default is the only option from here on out. It is a question of when, not a question of if.

Timecodes
0:00 Video Introduction
0:25 The 1934 Default on Liberty Bonds
3:45 The Short Default of 1979
5:46 Solutions for the Debt Ceiling
8:20 Treasury Department Prioritizing Bond Payments
9:25 Technical Defaults

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#USDefaults #NationalDebt