Episode 339: The Meanings of Words
Words & Numbers
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Consequences of a Downgrade in Federal Debt and its Impact on Taxpayers
This chapter explores the potential consequences of a downgrade in the federal debt, including scenarios such as raising taxes, cutting spending, or printing money to pay for interest expenses. It also examines the impact of interest rates on federal debt and highlights that federal debt comes due in bits and pieces as treasury bonds reach the end of their life.
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