Years, ago, my Dad, who was a retired government employee, and an otherwise educated man (BS, LSU), asked me why couldn’t the federal debt be repudiated.
Said he, “After all, we owe the debt to ourselves, don’t we?”
Well, I am an educated man, too. (BS, Louisiana Tech).
My reply, “First thing that would happen is that government check you get in the mail every month wouldn’t cash.”
End of discussion.
Somebody once repaid a debt to me via post office money order.
My bank wouldn’t take it...apparently they are too easy to counterfeit. I told them I would be glad to wait a week, or even two, for the funds to be made available, so they could be sure the money order cleared...nope.
Then I went on a strange journey, stopping by 4 post offices a couple of times each day, to see if their drawer ever had enough in it to cash the money order. The postal workers didn’t care one bit about my predicament, or their institution’s obligation to redeem the money order.
It took two and a half days to get cashed.
It was a little lesson in how much ‘full faith and credit’ our government institutions really have.
And to that he said?
And once again we learn that you may get an education at LaTech but not LSU unless you specialize in fubbbol and may eventually get out of USL.
Couldn’t resist.