A Short History of U.S. Credit Defaults

Has the U.S. ever defaulted on its obligations?  Yes.  I am always amazed that individuals not only refuse to learn from history but study it.  Today, the so-called pundits out there are using every type of scare tactics imaginable to get a debt ceiling increase.  Let's look at the facts as recorded by history and what will probably happen if the debt ceiling is not raised by reading the "Short History of U.S. Credit Defaults."