Birdwatch Archive

Birdwatch Note Rating

2023-05-19 18:25:57 UTC - NOT_HELPFUL

Rated by Participant: BD5EF9C900C3E521FF7C18F86F9B023DA6958B3F2931E48499C0308F9028858B
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Original Note:

The government has defaulted four times. - 1862 following massive money-printing to fund the Civil War - 1933 defaulting on bonds - 1968 refusing to redeem silver certificates - 1971 breaking Bretton Woods commitment to redeem gold certificates held by foreign governments https://thehill.com/opinion/finance/575722-the-us-has-never-defaulted-on-its-debt-except-the-four-times-it-did/

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