Comment: I am not de facto changing

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I am not de facto changing

I am not de facto changing the terms of my car loan when I miss a payment. A judge is not going to say, "well, you've effectively changed the terms of your loan by failing to pay this month, so the original contract is no longer valid and the car is yours!" A loan is still "valid" (legally binding) regardless of whether you pay on time.

For the US to default on its current loans does not declare those loans invalid (not legally binding) even if it discourages creditors from further lending. The consequence of a damaged credit rating is irrelevant.

The 14th Amendment says the validity shall not be questioned, so even the US defaults, the debit is still valid and the US still owes it. What it really does is bar the US from repudiating the debt.