ST Alpha - "Just let the Treasury start printing money. What default? What spending cuts to programs? -- nm" (Reading a Post)

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Just let the Treasury start printing money. What default? What spending cuts to programs? -- nm

Posted by Ice Cold Beer (aka H-Mogul) Jul 30 '11, 20:36

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Responses:

writing a bunch of it off as 'bad debt' is not an option? -- nm - peglegpete Jul 30, 21:15 4
- lots of insurance companies will not like that -- nm - Danedukenuuk Jul 30, 22:22
- Not without giving investors a very good reason to doubt the full faith and credit of the US. -- nm - TWuG Jul 30, 21:23 2
  - and really, is that not the exact same thing as defaulting? "I am not going to pay this" is what both phrases translate to, right? -- nm - Beryllium Jul 30, 21:24 1
    - Yes. The very, very frustrating part of this is that Congress has already spent the money. This is all about whether or not they'll pay the bill now - TWuG Jul 30, 21:32
they actually can't with bills -- although they could with coins. -- nm - mara Jul 30, 20:45 5
- What that would do to inflation... -- nm - TWuG Jul 30, 21:24
- Ahhh, the trillion-dollar coin thing makes more sense, now. -- nm - psilotum Jul 30, 20:53 3
  - what they should do is make some 100 billion dollar coins, and then let the stamp plates get stolen - then make a movie about the recovery. - Beryllium Jul 30, 20:59 2
    - Didn't work for The A-Team -- nm - Roger More Jul 30, 21:40 1
      - *sheds a single tear* -- nm - Beryllium Jul 30, 21:59
it's not a matter of whether we have the money (we do). it's just authorizing the Treasury to spend it for payment of outstanding debts -- nm - moles Jul 30, 20:43

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