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This situation confuses me.
Their way out is basically to just raise the debt limit, basically just making it so that they can owe more money to everyone before going broke...the average joe cant pull that shit. You cant just say to all your debt collectors "nah I'll pay you all back later, I've decided I can owe more money to you". Just seems dodgy and hell end of the day all they've done is basically procrastinate and just put any real solution off to a later date.
Their way out is basically to just raise the debt limit, basically just making it so that they can owe more money to everyone before going broke...the average joe cant pull that shit. You cant just say to all your debt collectors "nah I'll pay you all back later, I've decided I can owe more money to you". Just seems dodgy and hell end of the day all they've done is basically procrastinate and just put any real solution off to a later date.