Thread: Economics The Fiscal Cliff Approacheth
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Old 12-03-2012, 08:15 PM   #362
patteeu patteeu is offline
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Quote:
Originally Posted by BigRedChief View Post
Wrong. It causes us to default on our debts and cost us billions and billions more in interest we will never get back.

But I see what your doing.....Let's default, ruin our credit rating...the international banks get to charge us billions and billions more and the 1% make tons more money.
It doesn't cause you to default. Running out of money first before addressing your debt service and then finding out that you're up against the debt ceiling causes default.

It's clear you don't see what I'm doing.
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