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From memory, Argentina has defaulted 9 times. Their issue is that they chronically spend more than they receive in taxation. They are unlikely to trim their budgets and are much more likely to see the development of hard currency earning industries like lithium to balance their budgets and to do this they will offer incentives, although it's not beyond them to kill the golden goose. As to America, if in any other country, a defeated president sent a mob to congress to overthrow the election results we would downgrade them as a country that was safe to invest. For some reason, the USA gets an undeserved pass.