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Sure, seniors vote. Don't assume that the seniors in, say, Texas are going to be in favor of higher taxes in order to rescue pensions in California and Illinois, though.


Texas (at the time of writing) only appears in this page the once ... which is surprising in this context given its history. [1]

A country / protectorate defaulting is not necessarily something that can't be recovered from, and in some cases is the only sensible (or indeed feasible) course of action.

[1] https://en.wikipedia.org/wiki/Texas_dollar




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