On Fri, Aug 27, 2010 at 8:31 AM, G Money <[email protected]> wrote:

> Hey, I bet you 10 bucks the health plan doesn't bankrupt the country.
>
> Shall we say...in 5 years, when we're not bankrupt, I can collect? Or do you
> want 10 years? 20? How long until we're bankrupt...i'll give you as much
> time as you want to lose the bet.
>

Technically we're bankrupt already, remember? The only reason we will
not actually go bankrupt is that we control the printing presses for
the dollar. The real question isn't whether we will go bankrupt, but
when- not if - the international banking community and our other
sovereign debt holders (I'm looking at you, China and Japan) will
refuse to finance our debt without significant structural changes in
US budgets. That day will be a de facto bankruptcy re-organization for
our country, and it could happen within a few years.

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