[quote=Riot;770201]
Quote:
Actually you do. It does mean our credit rating is immediately impacted, and that interest rate has now skyrocketed. Thinking there is no "real" consequences is absurd.
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What happens in 10-20 years when GDP equals or is less than our interest payment and no one but Cash-For-Gold is willing to give us money? Or will we keep printing monay and a gallon of milk will cost $2K?