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"Ostrich" Congress puts head in the sand and votes for debt increase
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08-02-2011, 04:38 PM
dellinger63
Keeneland
Join Date: May 2006
Location: U.S.A.
Posts: 10,072
Quote:
Originally Posted by
Riot
Nope. No fairytail. You present a T-bill for cash, and it's cashed, with interest. You don't only get paid interest.
The last year we paid down our debt was right before Bush W. put us in the crapper. And I think his first year did, too.
If you could do that with a treasury credit there would be no problem. But you can't and that's where the fairytail part starts.
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