Eventually the lenders will stop lending. That's what leads to the defaulting scenario in the first place.
Why will they stop lending? The US government could ably wipe them and their entire family and replace it with a more cooperative lender. There’s no higher authority to enforce anything.
alt Hacker News
Why will they stop lending? The US government could ably wipe them and their entire family and replace it with a more cooperative lender. There’s no higher authority to enforce anything.