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Bush should just borrow a few hundred $Billion dollars more from China...

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NNN0LHI Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-05 11:17 AM
Original message
Poll question: Bush should just borrow a few hundred $Billion dollars more from China...
...and give everyone a debit card. I mean really what the heck. At this stage of the game what difference is a few more $Billion added to the federal deficit? We are bankrupt anyway might as go out with a bang.
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liberal N proud Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-05 11:22 AM
Response to Original message
1. Oh sure, Our kids can pay for it.
With the jobs they will have at below the current minimum wage, it will only take a few centuries to pay back.
:sarcasm:
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bahrbearian Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-05 11:36 AM
Response to Original message
2. I say go for it ,, I have no kids and I'll have no social security
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Solon Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-05 11:37 AM
Response to Original message
3. Serious Question...
Let's say China decides to call us out on our debt to them, and being unable to pay, we default, what the hell is the collateral?
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HillDem Donating Member (561 posts) Send PM | Profile | Ignore Thu Sep-29-05 02:40 PM
Response to Reply #3
6. There is no collateral
The only way we could pay would be to turn the printing presses on 24/7. That would probably create hyperinflation, but the dollar would plummet and there would be chaos in China.
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SledDriver Donating Member (699 posts) Send PM | Profile | Ignore Thu Sep-29-05 11:38 AM
Response to Original message
4. I say go for it
Edited on Thu Sep-29-05 11:41 AM by SledDriver
If the boat is filling with water and sinking fast, and a lone DUer is bailing with a Dixie cup, and the group of FR guys next to him all take a pee...

The interest payments alone will consume the entire federal budget long before then anyway.
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patricia92243 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-05 11:38 AM
Response to Original message
5. DishNet Satellite has a Chinese station, my fortune cookies have a "learn
to speak CHinese" with a Chinese word and how to say it in English and how to write it in chinese figures. A little here, a little there.
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