The Big Lie: America Has Defaulted on Its Debt FIVE Times—And a SIXTH May Be Imminent
The Big Lie: America Has Defaulted on Its Debt FIVE Times—And a SIXTH May Be Imminent
By Nick Giambruno – October, 2025
“Since 1789, the United States has paid all of our bills on time,” said former Treasury Secretary Janet Yellen. “In our history, we have never defaulted on our debt or failed to pay our bills,” said President Biden’s press secretary. “… the United States has never defaulted on its debt,” wrote The Washington Post.
You hear it everywhere. The US has never defaulted. It’s repeated by politicians. By bureaucrats. By the media. As if it were gospel.
But it’s not true.
By the simplest definition of default—failing to make promised payments—the US government has defaulted.
Not once. Not twice. But five separate times.
And now, the US is on the edge of its sixth default.
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