Dick Tuck
Board Troll
- Aug 29, 2009
- 8,511
- 505
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Yeah...And they'll pay it all back if it means inflating the currency to the level of Zimbabwe, in order to see to it that you get your Socialist Insecurity check!Government bonds are just worthless I.O.U.s when they are used to cover government obligations.
Government bonds are a legally incurred debt, that our Constitution requires be payed. Failure to pay bonds when due would result in default.
Not paying legally incurred debt would result in default. Default would bring our currency closer to the level of Zimbabwe.