Comment on USA officially bankrupt (insolvent)
trxxruraxvr@lemmy.world 19 hours agoIt doesn’t need to be a business to be able to go bankrupt. Governments have incomes, expenses and debtors. They only can’t file for bankruptcy to get out of their debts, which makes it worse for the country.
marcos@lemmy.world 19 hours ago
Countries do that all the time… well, not really all the time, but most decades at least one does it.
trxxruraxvr@lemmy.world 18 hours ago
What countries do is not the same though. At least in the Netherlands when a company files for bankruptcy the judge will appoint someone to sell all the companies assets and try to pay back the debtors.