US Defaults on Loans - Offers 30 cents on the dollar - Paid back over 40 years -

[Goober]

US Defaults on Loans - Offers 30 cents on the dollar -

Paid back over 40 years -

With President Obama on a major spending spree that will increase the US debt by trillions - Yes trillions - How will they be able to pay that.

I can't see how they can do everything the President wants and still manage the debt -

This debt that Obama is building up will be paid for by the US Citizens Grandchildren or Great Grand Children

What would happen if the US decided not to honour the debt to China -

 

[darkbeaver]

The carriers will save the day Goober, not to worry.

 

[gerryh]

bogus thread and an obvious troll.... unless, of course, you have proof of your opening statement that the u.s. has defaulted on loans and is offering only 30 cents on the dollar. Then I will be all over this. Everyone knows I have no love loss for the americans.

 

[darkbeaver]

Goober wouldn't do that.

 

[Goober]

Goober wouldn't do that.

The US is headed towards default - they cannot pay the bills that Obama plan requires -

 

[YukonJack]

"The US is headed towards default - they cannot pay the bills that Obama plan requires -"

Surely, the Annointed One, who came amongst us to save the world, would not do or plan anything harmful to his country!

 

[Cliffy]

You are right Jack. Obama is a commy. He has sold the Yanks down the river to China. There! Now you can sleep at night knowing how right you are.

 

[gerryh]

The US is headed towards default - they cannot pay the bills that Obama plan requires -

In other words..... a troll.

 

[Goober]

In other words..... a troll.

Gerry

What are the US deficits from now till 2020 - add it up

 

[gerryh]

Gerry

What are the US deficits from now till 2020 - add it up

at this point, it doesn't really matter because you started the thread off with an out right lie.

If you had started it with the u.s. deficit, their projected deficit, and your opinion that they were headed for default if things don't change...no problem. Have at her ajax.

 

[Canaduh]

at this point, it doesn't really matter because you started the thread off with an out right lie.

If you had started it with the u.s. deficit, their projected deficit, and your opinion that they were headed for default if things don't change...no problem. Have at her ajax.

+1.

Thread title was a major fishing attempt.

 

[darkbeaver]

My faith in Goober has been destroyed. How will I find trust again? Could it be that I will wonder for forty years in a dessert?

 

[Goober]

at this point, it doesn't really matter because you started the thread off with an out right lie.

If you had started it with the u.s. deficit, their projected deficit, and your opinion that they were headed for default if things don't change...no problem. Have at her ajax.

Gerry after little thought - you are correct - I will do better -

 

[SirJosephPorter]

I was going to say the same thing, Goober. But others have said it before me. It was dishonest to imply that US has already defaulted on its loan. Maybe it was an attempt to grab attention on your part, I don’t know (and if that was your intention, you certainly succeeded), but that doesn’t make it right.

 

[Goober]

I was going to say the same thing, Goober. But others have said it before me. It was dishonest to imply that US has already defaulted on its loan. Maybe it was an attempt to grab attention on your part, I don’t know (and if that was your intention, you certainly succeeded), but that doesn’t make it right.

I already apologized - it was not deliberate - that is the truth -

 

[petros]

TREASURIES-U.S. debt rallies on jobs data, default jitters

TREASURIES-U.S. debt rallies on jobs data, default jitters | Reuters

The cost of insuring against potential debt defaults of Greece and several other countries rose, including that of the United States. The cost of insuring against a U.S. default reached its highest level since April 2009. [ID:nNYE002788]

Nevertheless, investors saw U.S. debt as a safer bet than that of other countries, stoking demand for U.S. Treasuries.

Default jitters..... apparently the "jitters' are being offset by spending and loans.

Rubber hammer versus steel, either way it's still going to hurt when it hits.