the thing to realize is though, the US govt is one of the few bodies that can owe money almost ad infinitum without repaying it.
the thing to realize is though, the US govt is one of the few bodies that can owe money almost ad infinitum without repaying it.
And as long as they can, they will. Another thing, is that the govt. creates a lot of new debt, in order to pay off their old debt (Treasury bonds, anyone?)
exactly. i wish i could do that, and get away with it.
exactly. i wish i could do that, and get away with it.
And while we’re getting away with stuff, what about Social Security?
puh, social security
Hey I want my SS $$$ now! according to my last statement I could pay off the Mortgage!
@Grigoriy:
the thing to realize is though, the US govt is one of the few bodies that can owe money almost ad infinitum without repaying it.
And as long as they can, they will. Another thing, is that the govt. creates a lot of new debt, in order to pay off their old debt (Treasury bonds, anyone?)
But once the bubble bursts, the whole world will have a severe problem…
I must admit, i am kind of looking forward to that ;)
Eh, America loans billions of $$'s to other countries too. Don’t want to see America calling in those loans too…
Still waiting for repayment of those WWII loans made to a few unnamed countries. :roll:
Got a lo–-ng wait…
eternity.
