Paulie
Diamond Member
- May 19, 2007
- 40,769
- 6,382
- 1,830
There is money there unless the US government welches on it's debt to it's own citizens?
It is just that there will be less money to spend on other things like porky projects and wars we do not need anyway.
There's only money there in the sense that we can raise the debt ceiling to infinity and sell treasuries to any takers to cover the liability.