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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (45006)	8/19/2010 6:55:36 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 71588

Re: "Because a debt to yourself is not a real debt." That may just be the most ridiculous argument (financially, legally speaking) that I've heard all year. As I've already pointed out --- back here in the REAL WORLD --- in actual practice, the global historical record is that nations are FAR MORE LIKELY to repudiate their sovereign debts when they are owed to FOREIGNERS, (instead of the other-way around, owed to their own citizens!) So maybe you can build some kind of fairy castle in the sky of over-wrought speculations about how you imagine or wish that things were... but back here in the real world there is ZERO evidence that things actually work that way....