If you default on your Visa bill, nobody comes to repossess your refrigerator or auction off your shoes. The biggest penalty you'll face is trouble getting future credit.
Sentiment: NEGATIVE
If people want to follow an illusion that you don't have to pay your way, you don't have to measure up, then there are serious consequences for any country.
Nobody wants to put the creditworthiness of the United States in jeopardy. Nobody wants to see the United States default. So we've got to seize this moment, and we have to seize it soon.
I've twice accidentally stolen something, and both times I went back and paid for them when I realized I had done it.
I will obey every law, or submit to the penalty.
I do not want America to default on its debt.
Credit default swap is basically just an agreement that I have with you, where I sell you insurance on some bond you own. If the bond goes belly up, I promise to pay you. And as long as the bond doesn't go belly up, you pay me for selling you insurance.
When they discover I have a green card there may be some problems.
The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
Strict justice would demand total confiscation of your property, personal imprisonment and fines.
I've never paid taxes in my life, so I'm probably going to jail.
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