You spend your money then. It may not have changed my life directly but my children will be paying off Bush's spending spree their whole lives.
Wrong. The dollar is backed by oil. We can print and spend as many dollars as we want so long as the price of oil keeps going up. The world has no say in the matter.
That can only change if the oil producers start preferring Euros, or gold. We have longstanding agreements with Saudis and others to price oil in dollars so that is not likely to happen soon.
Iran, Venezuela and Russia could try it but they won't succeed as long as we have a strong military and the will to use it in defense of the petrodollar.
BUMP.