As Trump Walks Back US Government Debt Default Comments, Is The Real Issue Being Avoided?

Is there a point at which a defacto U.S. government debt default could occur?

When presumptive Republican presidential nominee Donald Trump went on CNBC last week and implied that the U.S. may not pay all its government bond debt, did he utter a false statement? Or, as numerous financial leaders have indicated, did he address an unmentionable truth that U.S. debt can get out of control if it is not addressed? Either way, he was back on the campaign trail Monday “clarifying” his previous statements.

Trump this week: Government debt default won't occur because money can be printed to repay debt

"This is the United States government," Trump said Monday on CNN. "You never have to default because you print...