debt-renunciation
The president's announcement involves refusing to repay inherited national debt, a controversial economic reset affecting government finances and public trust.
2 chapters across 1 book
The Mandibles: A Family, 2029–2047 (2016)Lionel Shriver
The chapter follows Florence as she and her son Willing respond to President Dante Alvarado's radical economic policies, including debt renunciation and currency changes, amid a national crisis marked by a blackout and internet outage. Florence's journey home with a stranger named Esteban challenges her racial prejudices and deepens her understanding of societal tensions. The narrative also explores the family's struggles with social stigma, urban transformation, and the harsh realities of homelessness, highlighting the psychological and cultural impacts of political and economic upheaval on individual identity and community life.
The chapter details the chaotic aftermath of a severe economic crash in the US, focusing on the collapse of the dollar, the rise of the bancor currency, and the government's controversial policies such as gold recall and debt renunciation. Through intense family discussions, the narrative explores the moral and social implications of wealth preservation, economic inequality, and the geopolitical tensions involving China, revealing deep divisions over justice, survival, and the future of America amid financial ruin.