Problem:
Many would agree that long-term bonds are safe and consider them as "risk free". But, I actually don't agree with this at all. What would happen if the United States government didn't have the money to pay back the bonds? If you remember towards the end of last year, the United States was at the edge of its seat wondering if the debt ceiling was going to be raised or not. If it wasn't raised, there was a possibility that the United States could default. That is a scary, scary thought in my opinion especially considering the US has a debt that is currently in the trillions.
The did end up coming up with a solution but its temporary. What are your thoughts on this? Do you think the US risks default in the near future or distant future? Can you imagine the impacts this could have?