Description : Why can't the Federal Government declare bankruptcy and apply for a Chapter 13?
Last Answer : answer:The U.S doesn't need to reorganize it's debts. Besides, since it can create money, it can pay its debts. And it can raise revenue if it had the political will to do so. If the U. ... our economy. Without fiat money, people would try to barter with gold, but the value would not be consistent.