Journalists have a responsibility to plainly tell the truth about how truly different the Democrats and the Republicans are today, especially with both democracy and the rule of law at stake this November.
odious debt
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“Don’t Owe, Won’t Pay”: Why Everything You’ve Been Told About Debt Is Wrong
No street protests are necessary, no confrontations with riot police, to stop payment on a credit card or student loan – the financial system is vulnerable to a few million mouse clicks.
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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.