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slapass · 09-29-2013, 07:03 AM

Of course our rates would go up and the world would panic a bit but in the long run the US and most of the first world would have to deal with this huge debt we are building up.

I did counter argue this in my head. We could just keep piling it on and living the good life, and some where in the distant future, we would screw some group of Americans. Not the worst plan as it is versus screwing us now.

Social Security has a 25% cut coming to benefits. It was enacted a long time ago based on the fact that the system was busted based on simple math. It hits about the time I retire. So that is taken care of but what about the huge 100% of GDP debt that we currently have?

09-29-2013, 07:03 AM
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,622	US Bond Default, a good thing? Of course our rates would go up and the world would panic a bit but in the long run the US and most of the first world would have to deal with this huge debt we are building up. I did counter argue this in my head. We could just keep piling it on and living the good life, and some where in the distant future, we would screw some group of Americans. Not the worst plan as it is versus screwing us now. Social Security has a 25% cut coming to benefits. It was enacted a long time ago based on the fact that the system was busted based on simple math. It hits about the time I retire. So that is taken care of but what about the huge 100% of GDP debt that we currently have?