SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (60837)4/22/2008 5:31:17 PM
From: Lane3  Read Replies (1) | Respond to of 541741
 
When your obligations exceed your ability to pay - what is your situation?

At risk of bankruptcy? <g>

You're not bankrupt until the debt holder calls in the debts. Last I checked, US debt instruments were still in demand.



To: Bearcatbob who wrote (60837)4/24/2008 12:04:08 PM
From: TimF  Respond to of 541741
 
Our obligations don't exceed our ability to pay. Many nations (including the US in the past) have had debt that was a larger portion of their GDP and had no problem servicing the debt.

Servicing the debt is of course a cost, I'm not saying its any kind of free lunch, it just isn't bankruptcy, or a significant risk of anything that resembles bankruptcy.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News