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General Category => General Discussion => Topic started by: serbian army on October 10, 2013, 11:47:57 PM

Title: What if the US defaults?
Post by: serbian army on October 10, 2013, 11:47:57 PM

Is this a good thing? We would no longer borrow so much...Or will this mean-financial collapse? Maybe the end of dollar?

Title: Re: What if the US defaults?
Post by: briann on October 11, 2013, 12:22:14 PM

The US wouldn't default unless all other options were exhausted...  It will be a very slow process.... kinda like a person who has maxed out all their credit cards... and is trying to bum money off every friend and relative they can find.... so I would give it about 15-20 years.... and when it happens.....  catastrophe is an understatement.