Quote Originally Posted by Bugs View Post


In regard to repudiation why would they bother now or even after the election? To function the US needs to be able to sell bonds and such. Repudiation of the debt would make it near impossible for them to sell them, and would sink the value of the dollar at the same time. Might as well crank up the presses and pay off the debt that way.
Repudiation almost exactly wipes out the current deficit, thereby negating a net need to sell bonds. Some people actually think that this will work.

In the same way, some people think that invading Iran is a good idea.