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**Misespimb** · 08-21-2011, 02:35 AM

The US could always default on its debt and declare war on anybody who won't forgive their loans to the US.

And in very short order, our economy would collapse, our dollar would become worthless, and the printed "money" that the treasury department would be handing out wouldn't be worth enough to pay our soldiers to maintain order or to attack anybody else. We're stuck paying off foreign debts, like it or not. The alternative is bad.

08-21-2011, 02:35 AM	#25
Misespimb Join Date Oct 2005 Posts 376 Senior Member	The US could always default on its debt and declare war on anybody who won't forgive their loans to the US. And in very short order, our economy would collapse, our dollar would become worthless, and the printed "money" that the treasury department would be handing out wouldn't be worth enough to pay our soldiers to maintain order or to attack anybody else. We're stuck paying off foreign debts, like it or not. The alternative is bad.
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