yes it would
....There are some people speculating that in a second term, Obama would simply cancel all American debt. Just cancel it! And in the process, totally destroy the value of the US dollar. Just cancel it. You're asking, "How does he do that?" Well, you work with the Federal Reserve and you just cancel the debt. You just wipe it out and say, 'We're canceling it and we're starting fresh. We're starting brand-new, starting all over."
...It would not be good. Don't misunderstand. It would destroy the dollar. It would destroy the value of the dollar, plus a whole bunch of other things. But I'm telling you these are the kinds of things people are speculating would be in store for us in a second term, and that's why Obama's not talking about it.
...So it's vitally important that people remain focused on the fact that Obama is not detailing a second-term agenda....He wouldn't stand a chance of reelection if he said he's gonna do more of what he's done.