Jump to content

National debt a weapon?


Paul53
 Share

Recommended Posts

Over the decades I've heard various things about the trillions of debt the nation has racked up. Most intriguing is that the feds fear a convention of states because an amendment requiring a balanced federal budget could result. But I digress. Is there a strategic value in having China, Russia, et al holding large amount of our I.O.U.s? Maybe a poison pill type threat; piss us off, or piss on us, and we'll declare bankruptcy which I'm guessing would have far reaching damage to the global economy?

 

Have to admit It would be interesting to see the country with a worse credit rating than mine. Where's certified funds when I need him?

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

  • Please Donate To TBS

    Please donate to TBS.
    Your support is needed and it is greatly appreciated.
×
×
  • Create New...