gomezcat

http://www.cnn.com/2006/POLITICS/03/....ap/index.html

Without, as much as possible, resorting to Bush good/bad comments, what ARE the economic consequences? Who holds the debt and do they demand monthly interest repayments? Does anyone have the actual power to get the money back?

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All_Around_Brown

The economic consequences? Best case: each american comes up with $30,000 to cover the debt. Worst case: we could be blackmailed by a terrorist sponsoring-Taliban recognizing nation like the UAE ...ooops, wait a minute.

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sdaniels7114

Assuming this guy is correct, This would be a good explanation. When he says the government owes itself I believe he's talking about Social Security. The way it operates now workers give money today to pay for current retiree's benefits, those same retirees paid for the previous generation when they worked and so on back to the very begining.

I always thought US savings bonds were a bigger piece of the pie and that foreign investment was much smaller. As far as forcibly collecting... well lets just say our military isn't just for dealing with Middle East Tyrants