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A list of all pages that have property "Summary" with value "A sustained default could undercut American power in four ways. The first and perhaps most certain would be to force cuts in defense spending. Second, a default would make it harder for Washington to negotiate agreements or build alliances with other countries. Third, a debt default would erode American credibility. Finally, a default could help China, Russia and other major buyers of U.S. debt accomplish something they have been trying to do for years: find an alternative investment to U.S. Treasurys.". Since there have been only a few results, also nearby values are displayed.

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    • 2011/07/20/1215/link  + (A sustained default could undercut AmericaA sustained default could undercut American power in four ways. The first and perhaps most certain would be to force cuts in defense spending. Second, a default would make it harder for Washington to negotiate agreements or build alliances with other countries. Third, a debt default would erode American credibility. Finally, a default could help China, Russia and other major buyers of U.S. debt accomplish something they have been trying to do for years: find an alternative investment to U.S. Treasurys. alternative investment to U.S. Treasurys.)