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I wonder how much of our debt could be restructured if we declared bankruptcy... just thinking out loud. I remember when the auto companies were allowed to negotiate with the unions they had been fighting with for years. They were able to lower the unbelievably comprehensive benefits their members were getting, freeing up money down the line.
Given the people I know who are living on Government pensions or benefits that are so far above what is available these days, it might do our national debt some good to be able to restructure that stuff....
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