Deprecated: Function spacious_options is deprecated since version 2.5.0! Use get_theme_mod instead. in /home/clos/public_html/ on line 5379
Current template: archive.php

US State Debt Defaults

US State Debt Defaults and Constitutional Reform in Historical Perspective While the US government has never defaulted on its debt, dozens of US states, plus thousands of municipalities and other local taxing districts, have experienced debt defaults throughout US history.