BUSINESS

Default On Debt: Why It Will Be Harder For Ordinary Americans To Borrow Money

07/16/2011 10:08 am 10:08:01 | Updated Sep 15, 2011

It’s easy to understand why the government will have more trouble borrowing if it fails to pay its debts. It’s a bit harder to see why ordinary Americans, the city of Pittsburgh, hospitals in Iowa, or medium-size corporations will have more trouble borrowing.

But they will.

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