View Single Post
Old 08-19-2009, 05:07 PM   #30
firstdown
Living Legend
 
firstdown's Avatar
 
Join Date: Oct 2004
Location: chesapeake, va
Age: 61
Posts: 15,817
Re: This Is One Scary Clock

Quote:
Originally Posted by Schneed10 View Post
It's not dissimilar to someone deciding not to pay back a student loan. You can do it, but your credit will take a major hit, and any time you want to borrow money for something ever again you'll pay a much higher interest rate.

If we blow off China, the next time we need to borrow money from someone (and we will) we'll have to pay a much higher interest rate. It would crush us in the long run.

The only way we can go without borrowing money from people is if we cut governmental spending to the point that we're no longer running a deficit. Which is a lot.
Now your catching on. Here is the answer to the problem.

Last edited by firstdown; 08-19-2009 at 05:17 PM.
firstdown is offline   Reply With Quote

Advertisements
 
Page generated in 0.58735 seconds with 10 queries