Posted on 08/30/2010 6:15:33 AM PDT by Poundstone
“If necessary, they can be paid by simply printing more money.”
lol.....you still think they are going to print money just for you?
Best case is that we voluntarily slash government payouts - including your pension so that we can do the bare minimum that government has to do and pay our debt down.
This is too hard, politically.
So, behind door number 2, there is either default - meaning that they will not print money because nobody will buy our debt - or by simply printing they will take the other option, or, they are going to inflate away all our debts and obligations.
If you think they are going to index to inflation all the costs that are sinking the country financially now you are not thinking straight.
Be prepared.....your life will change - just like everyone elses will. You aren’t going to be “special” anymore.
LOL. Well, we’ll see, Engineer.
That should scare the crap out of every single person alive.
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