On Wed, 31 Mar 2010 18:03:25 -0500, Wes wrote:
snip
I don't see us ever defaulting.
snip
No need to default as long as the printing presses keep running,
or in this new era as long as the computers are up. The FRB can
and will create all the money needed to cover the bonds, t-bills,
entitlements, etc. The question "will this money be worth
anything?" is another topic.


Unka George (George McDuffee)
...............................
The past is a foreign country;
they do things differently there.
L. P. Hartley (1895-1972), British author.
The Go-Between, Prologue (1953).