How, exactly, are we already bankrupt? Being in debt is not the same thing as bankrupt.
Judah On Fri, Aug 27, 2010 at 11:41 AM, Robert Munn <[email protected]> wrote: > > 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. > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology-Michael-Dinowitz/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:326188 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
