[Mariner]

"Rogers tells Bloomberg Business Week that “we have got to balance the budget. We have got to pay off the debt, somehow, someday.”"

You can bet your sweet bippy that neither of these things will occur.

The USA will default, by choice. A declared default.

When interest on the debt is $1tril/yr...and it nearly certainly will be within 10 years...we just say ef it. There really is no option to that besides eternal servitude to the Chinese

See, they are just as stuck as WE are. They know we are going to default but they cannot stop "lending" us money.

What a crazy, crazy world we live in.

[Chickensoup]

When interest on the debt is $1tril/yr...and it nearly certainly will be within 10 years...we just say ef it. There really is no option to that besides eternal servitude to the Chinese

See, they are just as stuck as WE are. They know we are going to default but they cannot stop “lending” us money.

_____________________

Actually they could kill us and just move in. that would satisfy the debt. there certainly is precedent in history.