eflatminor
Classical Liberal
- May 24, 2011
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Correct. Not an issue at all. We have no need to pay back this debt. Ever. Why do you think we should?
edit: and by that I mean the Public Debt.
Default is always an option. Is this really your position? You realize that would mean we could never borrow again, which would mean we'd HAVE to live within our means. I'm all for that but doing so by default is really going to piss off those that bought US bonds. How long do you think the global economy would stand if the US defaults?
Pretty radical...
heh heh it would be radical. Which is why I didn't suggest it.
Okay, what did I miss? How is your assertion that we should not pay back our debt not defaulting?