The U.S. Government: Adding Illiquidity to Insolvency

[The following post is by Managing Director of Windrock Wealth Management Christopher P. Casey, CFA]

Nobody believes that the states will eternally drag the burden of these interest payments. It is obvious that sooner or later all these debts will be liquidated in some way or other, but certainly not by payment of interest and principal according to the terms of the contract.

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