What are implications for averge Amercian of a US default on national debt?
Nothing. The debt of such a size will never be paid back.
None. As they will continue for the same.
This is not a new thing. This will continue without much implications for the average people. If econmoy suffers then everbody suffers.
If this debt is not controlled and say doubles in 5 to 10 years, sure economy can collapes esle business as usual.
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