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Politics : Formerly About Advanced Micro Devices
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To: Elroy who wrote (216721)2/1/2005 12:20:55 PM
From: Tenchusatsu  Read Replies (2) of 1572088
 
Elroy, Well, silly, if it can rob Peter to pay Paul, then it can service its debt, and thus isn't bankrupt. That's in line with my definition.

In that case, our federal debt has no implications whatsoever, since we can simply print more money (i.e. allow inflation to soar) to reduce that debt.

Meanwhile, once people figure out the myth of the SS "trust fund," they'll realize that the critical "inflection point" will happen around 2018, the time SS runs a deficit, not 2050 when the "trust fund" supposedly runs out (i.e. all of the IOUs converted to debt held by external stakeholders).

Tenchusatsu
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