Originally Posted by WoodDraw
Well yes I guess that is what would happen. Although you can only do that for so long. I don't see how this is anyway to run a government.
If you want the debate, have it. But this is already money that has been spent. If congress wants to fix that they can, but it shouldn't be at the risk of not paying your obligations. That's the domain of banana republics.
We should certainly pay our debt obligations and we'd better be careful or we're going to get ourselves into a position where that becomes impossible.
We've probably already passed the point where we will no longer be able to pay our obligations to future entitlement recipients.