Originally Posted by Cleudus
I can't post links
But you can see US entities own 68% of the debt. And this is for fiscal year 2012. Social Security owns the second major chunk totaling around 2.6 Trillion.
Another question would you buy corporate bonds if they defaulted recently on their previous bonds? In other words: don't pay back. Would you like to own T-bills? They pay no interest compared to other loans and bonds because they are supposed to be safe, I mean the chances of a government defaulting are slim to none, right? So after they default people gonna buy them up like hotcakes is what you are saying
So not just ignorant but actually stupid? You are so out of your depth on this conversation it is frightening.
It doesn't MATTER who owns the bonds dum dum. We are not saying only pay FOREIGN bondholders. We are saying that as long as you pay all bondholders you don't DEFAULT. We are also not saying an actual default is a good thing. We are saying that if it happens it is because OBAMA chose to default. We have MORE THAN ENOUGH MONEY to pay bond interest. How ****ing hard is that to get?
(This ignores the technical difficulties involved with selective payments)