Thanks to the Electoral College, leftists have perhaps the final say this November over whether democracy can hold on for at least another four years, or if fascism will take root and infect all facets of the federal government for decades to come.
Sovereign Debt Restructuring Mechanism
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Extortion in Argentina: Odious Debt Is Pillaging the Nation into Bankruptcy
The lesson is this: if creditors know that a few holdout vultures can trigger a default, they're unlikely to settle with other insolvent nations in the future.