- Sep 30, 2003
I don't forsee any senario where the Fed Gov goes bankrupt.Originally posted by: Dissipate
Why do you say that right after you admit that the political class is growing while the productive class is shrinking, at the same time the government's debt continues to grow unabated?Originally posted by: Fern
The government ending from financial troubles? I don't see that hapening.
Pay back foreign owned bonds? Please, just print more money. They'll be paid back with inflated $s. Who are the Chinese gonna complain too? They don't even vote.
Default? Whaddya gonna do if the Fed defaults, complain to the government (courts)?
If the gov needs more money, it takes it. Been doing that a very long time.
Long before the fed gov is "starved out" of existance, we will be.
I think it only this morning in a NYT paper I read that the budget deficit is 1.5% of GDP (prolly exclusive of "war" funding). So, I'm not yet buying the "sky is falling" stuff yet. And, IMO, the bankers control the planet, they won't let the fed gov go bankrupt if only for their own purposes.