The Government? #DefaultingOnItsDebt? What Does That even MEAN?? | @HouseFloor @SenateFloor @USHouseNews @SenateNews @USSupremeCourt
I heard that 'the government will default on its debt if the legislators don't "raise the debt-ceiling"' ... what? I mean; How does the government "owe a debt?" to whom? what happens?
Investopedia explains how Whole Countries can #Default on loans in a report linked through 'that word' below; but first I want to understand that word better. And I find you understand words better if you look at 'the words at their base' (then going on to look at the words at those words' bases, then the words at those words' bases, etc.-etc. ad infinitum)
The word “Default” is built on ancient words that mean "to Deceive-, Cheat-, Put Wrong-, Lead Astray-, Cause to be Mistaken-, Escape Notice of-, be Concealed from- (Fail)-Away."
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