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Politics : Formerly About Advanced Micro Devices
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To: TideGlider who wrote (934473)5/11/2016 4:18:41 PM
From: combjelly1 Recommendation

Recommended By
gronieel2

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Other than it is stupid? The idea about borrowing when rates are low is sound. The idea that the US would try to renegotiate its debt, which is mainly owned by Americans and/or the government, is stupid. The US is not a highly leveraged casino, but a sovereign nation. US bonds are the safest investment in the world. More so than things like gold. That is because the US has paid both principle and interest for centuries.

Not paying creditors in full would mean that the US could no longer command such low interest rates because suddenly risk is an issue. The resulting higher interest rates, because risk has a cost, would mean that our outstanding debt has suddenly become a lot more expensive. Probably wiping out any savings resulting from such a stunt.

Running a country is not the same as running a casino or any other business. Those who don't understand that should not get anywhere near government service.
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