alt Hacker News"crippling recession due to defaulting" - we will just borrow more as usual. Not like our taxes are enough to fund the nation in any year (war or no war).
"crippling recession due to defaulting" - we will just borrow more as usual. Not like our taxes are enough to fund the nation in any year (war or no war).
Eventually the lenders will stop lending. That's what leads to the defaulting scenario in the first place.