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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: Wayners who wrote (72250)5/19/2012 9:31:28 PM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 103300
 
Re: "Well if the U.S. govt goes down and there is a new Constitution and the current Treasury is no more for whatever reason or there is a military coup, I'd say any new Govt doesn't owe China a Dime."

LOL!

So... you are saying that is *one way* to get out from under debt.

(Maybe Greece should think about writing a 'new constitution'? :-)



To: Wayners who wrote (72250)5/20/2012 8:19:54 AM
From: Little Joe1 Recommendation  Respond to of 103300
 
The government can repudiate its debt at any time and there is not much anyone can do about it.

lj