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| Annoying Orange's magic wand obama was talking about. |
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| Drydess:
--- Quote from: Planr on November 15, 2017, 11:15:13 AM ---At least we have a powerful military so its not like anyone can force us to pay it back --- End quote --- boi have you looked at our manpower recently |
| Planr:
--- Quote from: Drydess on November 15, 2017, 11:28:40 AM --- boi have you looked at our manpower recently --- End quote --- its p thicc |
| SeventhSandwich:
--- Quote from: Planr on November 15, 2017, 11:15:13 AM ---At least we have a powerful military so its not like anyone can force us to pay it back --- End quote --- We've never not paid it back, and it's literally impossible that every single one of our debtors would cash in their treasury securities at the same time. So the national debt is very much a long-term problem. But it doesn't matter whether our military is powerful or not because defaulting on our debt would destroy the economy. Our credit would plummet, which is particularly bad because our currency's value is backed by our credit. The dollar would inflate a stuffload. World markets would crash because the dollar is the global reserve currency. Nobody could invade us to get us to settle our debt, but it would be the economic equivalent of the sky falling. |
| Nonnel:
The best way to combat inflation |
| Planr:
--- Quote from: Nonnel on November 15, 2017, 04:11:21 PM ---The best way to combat inflation --- End quote --- is...? |
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