and with the raising of the debt ceiling to roughly $9 trillion I guess we don't have to "worry" about it for... another year or something. But what happens when the country hits the debt ceiling and treasury bonds default? It's apparently never happened in this country, so there's no American historical precedent for this. Will taxes be increased? Will NAFTA and CAFTA have to be suspended so the government can increase its trade revenue in such a way to pay down some of the debt?
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