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Wouldn't that devalue the dollar in the US?

I think this problem would have never happened if Obama didn't get a second term. Now, I'm not saying he is a bad guy, I'm just saying that the republicans (Some members of Congress) don't like him and they are trying everything to hurt his creditability. They don't like the fact that he got a second term or something like that.

I don't care for politics, but I know I should. I reached that age where it should play a bigger part in my life.