Weekend Reading – US Treasury Bond Default Edition

by Darwin on May 28, 2011

When you hear something in the mainstream media so often, you actually start to believe it.  We’ve heard over and over again that the US has NEVER defaulted on its debt obligations and to do so now would be unprecedented.  This debt ceiling vote issue’s been swirling around for months now, but just recently, I found out the US did in fact default on T-Bill payments once in 1979.  This article at TaxVox summarizes pretty nicely what caused it and how it played out.

But next time you hear an analyst or an anchor say the US has never defaulted, you can grin at your worldly knowledge and call BS.  With that said, here are several other worthwhile reads since my last weekly update (I know, they’re more like every 2-3 weeks):

Around the Web and Yakezie:

Len PenzoAbolish the Fed! (in 100 words)

Invest it WiselyCoupon Addicts!

Retire by 40Refince the Retirement Home

Dividend MonkHigh Yields in Health Care

Fiscal FizzleLessons Learned from American Idol

Financial SamauriHiring Relatives (or not)

Consumerism CommentaryDesign and Stick to a Budget!

Frugal Zeitgeist May 2011 Recalls

Punch Debt in the FaceWould You Pay for an Interview?

Krant CentsThe End of Networking?

Stuff I Wrote All Over:

Carnivals That Featured My Content:

Carnival of Personal Finance

Totally Money

Integrated Finance

Passive Investing

Carnival of Personal Finance

{ 3 comments… read them below or add one }

krantcents May 28, 2011 at 4:12 pm

Thanks for the mention. I am in good company.


Invest It Wisely May 31, 2011 at 11:47 am

Interesting about the default; I’m going to have to go check that out. One can also say that they defaulted in a sense when they refused to honor existing gold contracts, which they did twice?


Invest It Wisely May 31, 2011 at 11:48 am

P.S. Thanks for the inclusion. 🙂


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